RMBS

  • Job swaps weekly: Aperture expands into structured credit

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Aperture Investors hiring a senior executive to lead its newly launched structured credit division. Elsewhere, JPMorgan is fleshing out its global CLO primary team with a number of senior promotions and new hires, while two industry veterans have co-founded capital markets service provider Altius Advisors.

    Aperture Investors has hired Vladimir .......

    Market Moves 10 January 2025

  • European SF to maintain 2024 levels

    S&P forecasts €135bn issuance in 2025 with...

    S&P Global Ratings forecasts a promising yet complex year ahead for European structured finance markets. With issuance projected to reach €135bn, matching the record set in 2024, the outlook reflects a mix of economic resilience and emerging sectoral challenges.

    According to S&P, the ABS sector, which achieved €43.5bn in issuance in 2024, is poised for continued activity in .......

    News Analysis 6 January 2025

  • Bank bid back

    Agency MBS enjoy renewed bank demand, boding well for 2025

    News Analysis 17 December 2024

  • Muted ABS reflects mixed sentiment

    European ABS slowed in November, reflecting seasonal trends...

    November marked a quieter month for the European ABS market compared to the preceding months of 2024, according to European and UK factsheets monitored by SCI. While consensus emerged on the slowdown in primary issuance and market activity, asset managers TwentyFour Asset Management, Aegon and Amundi presented nuanced perspectives on the sector’s outlook, risks and opportunities.

    Across the .......

    News Analysis 17 December 2024

  • Job swaps weekly: Dentons elects Europe board members

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Dentons elect new members to its Europe board and hire a new partner in London. Elsewhere, Deutsche Bank has appointed a former Citi executive as lead structurer, while fintech company Intain has lured a structured credit, derivatives and mortgages veteran to its board.

    Dentons has elected its European and Italian .......

    Market Moves 13 December 2024

  • Job swaps weekly: HPS leaders to join BlackRock following acquisition deal

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees HPS Investment Partners’ ceo and governing partners joining BlackRock following the latter’s acquisition of the former. Meanwhile, Pemberton has appointed the former head of the secured funding and ABS team at Alantra as head of origination for its risk sharing strategy, while Encina Lender Finance (ELF) has added two structured credit .......

    Market Moves 6 December 2024

  • Cruise control: Stable outlook for ABS and MBS in 2025

    JP Morgan strategists predict stable European, UK and Austra...

    As we approach 2025, strategists at JP Morgan foresee a year of steady performance for the ABS and MBS markets across Europe, UK and Australia. While 2024 set records for issuance volumes, the outlook for 2025 reflects a cautiously optimistic tone amid global uncertainties.

    JP Morgan’s research highlights that 2024 was a landmark year, with European ABS issuance .......

    News Analysis 5 December 2024

  • Job swaps weekly: Weil names new partners

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Weil Gotshal & Manges promoting three structured finance and derivatives specialists to partner. Meanwhile, Kirkland & Ellis has snapped up a veteran fund finance specialist as partner, while White & Case has made a number of promotions to local partner and counsel.

    Weil Gotshal & Manges has promoted three structured .......

    Market Moves 29 November 2024

  • Job swaps weekly: BBB elevates two to co-chief banking officer

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees The British Business Bank appointing two co-chief banking officers. Meanwhile, Latham & Watkins has poached an experienced White & Case structured credit executive as partner, while Centralis Group has hired a new Ireland Country head.

    The British Business Bank has appointed Richard Bearman and Reinald de Monchy as co-chief banking .......

    Market Moves 22 November 2024

  • Variety rules in European ABS

    October saw strong momentum in the European and UK ABS and MBS markets, fuelled by diverse issuance

    European and UK ABS and MBS markets maintained momentum in October, building on the robust issuance pace set in September, according to monthly European and UK factsheets monitored by SCI.

    TwentyFour AM Momentum Bond Fund’s managers state that October witnessed over €17.5bn in ABS and €9.5bn in CLO issuance, pushing the YTD total to over €130bn. Both TwentyFour .......

    News 20 November 2024

  • Job swaps weekly: Senior Pemberton CLO exec launches Auctus Strategies

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees a former Pemberton Asset Management director launching her own sustainability consulting business. Meanwhile, Atlas SP has given its interim ceo the role on a permanent basis, while Climate First Bank has appointed a former 12five Capital veteran as president of its newly-created structured finance division.

    Ex-Pemberton Asset Management director Naomi .......

    Market Moves 15 November 2024

  • Job swaps weekly: Ogier snaps up Dublin-based partner

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Ogier hiring a structured finance veteran from Matheson as partner in its Dublin office and promoting a real estate managing associate to partner in its Jersey practice. Meanwhile, Sidley has hired two long standing senior capital markets partners from Latham & Watkins, while Latham & Watkins has made a number of .......

    Market Moves 8 November 2024

  • M&G unveils €200m ABS fund

    Firm launches vehicle aimed at unlocking daily liquidity in high-grade securitised assets

    M&G’s structured credit team has launched the M&G Investment Grade ABS Fund, a new daily liquidity fund with an initial €200m investment from pension schemes and family offices. The fund seeks to capture value in the global securitisation market, focusing on high-quality, investment-grade assets backed by residential mortgages, consumer, corporate, and automotive loans.

    The fund’s strategy aligns with .......

    News 5 November 2024

  • Pre-judgment day ABS rush in Europe

    October sees strong European and UK ABS issuance ahead of US presidential election

    October ended with a surge in European and UK ABS and MBS issuance, with €3.5bn placed from seven deals in the final week of the month. This included €2bn of publicly marketed deals, bringing the total level of issuance for the month to €12bn.

    JPMorgan strategists note: "October’s primary activity underscores the strong demand for securitised products across .......

    News 4 November 2024

  • Job swaps weekly: Linklaters lures four A&O Shearman partners

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Linklaters hiring four partners from A&O Shearman for its New York office. Elsewhere, the Prytania Solutions team has joined Houlihan Lokey’s structured products valuation advisory team as part of the latter’s acquisition of the former, while Danske Bank has snapped up a former senior Nordea executive as investment director.

    Linklaters .......

    Market Moves 1 November 2024

  • Job swaps weekly: Kirkland names two new partners

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees Kirkland & Ellis hiring two partners for its structured finance and structured private credit practice. Elsewhere, NPL Markets has made two senior appointments to its team, while Piper Sandler has named a new head of structured products trading.

    Kirkland & Ellis has hired Jared Axelrod and Suril Patel as partners .......

    Market Moves 25 October 2024

  • Teutonic tenacity

    German consumer ABS sees strong investor demand despite rising challenges

    Despite rising interest rates and escalating costs of living across Europe, the consumer ABS market shows little sign of distress. Issuance levels remain robust, with investors continuing to demonstrate confidence in this sector, even as economic conditions tighten. According to Sam Lee, portfolio manager at TwentyFour Asset Management, "there is no sign as yet of any impact on issuance .......

    News 24 October 2024

  • Optimisation optimism

    SRT activity set to soar as banks adjust to Basel 4

    Panellists at SCI’s 10th Annual Capital Relief Trades Seminar in London last week widely agreed that banks are set to ramp up their use of SRT transactions to optimise balance sheets and improve capital efficiency ahead of sweeping regulatory changes under Basel 4.

    "I expect further growth in SRTs as banks adjust to Basel 4, using these transactions .......

    Talking Point 24 October 2024

  • Summer in the city

    European ABS and CLO markets defy summer lull with €34bn Q3 issuance

    The European securitisation market saw significant activity through the third quarter of 2024, defying the typical summer slowdown, according to a market update issued by TwentyFour Asset Management.

    Aza Teeuwen, partner and portfolio manager at TwentyFour, attributes this to increased funding needs, tighter pricing and a rush to secure funding ahead of the upcoming US elections.

    "Volumes .......

    News Analysis 22 October 2024

  • Job swaps weekly: MidOcean boosts capital formation capabilities

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees MidOcean Partners strengthen its ranks with the appointment of Jon Fox as global head of capital formation. He brings several decades of leadership and alternative asset management experience that will help to expand the firm’s investor relationships globally.

    Fox was formerly president of Värde, having joined that firm nearly 11 .......

    Market Moves 18 October 2024

  • Job swaps weekly: KBRA rings the changes

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees KBRA making multiple senior structured finance appointments including a new global head of ABS and RMBS. Elsewhere, a c-suite executive at PACE Funding Group has left the firm and transitioned away from structured credit with a move to Greenday Finance, while specialty finance company Encina Lender Finance has made two senior .......

    Market Moves 11 October 2024
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