RMBS
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Job swaps weekly: Sound Point names Gerlitz's successor as global cfo
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Sound Point Capital Management naming a new global chief financial officer. Elsewhere, EBRD’s first vp and head of client services group has retired, while the completion of BNP Paribas Cardif’s acquisition of AXA Investment Managers has been followed by the consolidated platform announcing its new leadership team.
Sound Point Capital .......
Market Moves 4 July 2025
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'Keep calm, but keep cautious'
Rob Ford, retired founding partner of TwentyFour Asset Manag...
Q: How would you characterise the current state of the European securitisation market?
Talking Point 2 July 2025
A: Last year was fantastic for performance: spreads generally recovered throughout 2024 from a relatively wider level, having been through 2022-2023, where markets weren’t in such great shape because of inflation- and interest rate-led concerns. We didn’t have a boom, but a gradual tightening of spreads, which .......
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Job swaps weekly: O'Melveny launches cross-disciplinary group with securitisation partners
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees O’Melveny launching a cross-disciplinary special credit and liability management group. Elsewhere, Investec has appointed a senior originator within its global fund solutions team, while Sona Asset Management has appointed a London-based md and head of credit strategy.
O’Melveny has formed a new cross-disciplinary special credit and liability management group, reflecting .......
Market Moves 27 June 2025
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EU securitisation reforms: a step forward, but is it enough?
Investors still face 'significant hurdles' compared to other asset classes
The European Commission’s recently proposed amendments to the EU securitisation framework aim to reduce the high operational costs for issuers and investors in EU securitisations and simplify certain due diligence and transparency requirements. While the changes have been welcomed as a positive step forward by many in the market, there is concern that the reforms may not go .......
News 27 June 2025
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Job swaps weekly: Blackstone hires CLO veteran from Jefferies
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Blackstone snapping up Jefferies’ global head of CLOs. Elsewhere, Chorus Capital's head of origination resigns to take up a new challenge, while Värde Partners has launched a fund finance strategy.
Blackstone has hired Jefferies’ global head of CLOs and head of European securitised markets, Laura Coady. Coady confirmed the moved .......
Market Moves 20 June 2025
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Asset managers capitalising on strong demand
European ABS funds have a good May
May brought renewed strength to the European ABS market, as easing geopolitical tension and lower eurozone inflation improved risk sentiment. Monthly fund factsheets monitored by SCI suggest that asset managers responded by capitalising on strong demand and attractive carry opportunities particularly in UK and European consumer ABS.
Amundi portfolio managers reported that “the primary market resumed its course in .......
News Analysis 19 June 2025
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Australian ABS undergoing period of transition
Bank retreat diversifying securitisation landscape
The Australian ABS market is undergoing a period of transition, driven by reduced activity from major banks, growing participation from non-bank lenders and a slow but steady evolution in green securitisation. These themes were discussed during the Australian Securitisation Forum’s recent London Investor Seminar, during which speakers discussed funding dynamics, environmental risk considerations and consumer resilience amid tightening financial .......
News 16 June 2025
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Job swaps weekly: RenaissanceRe promotes senior SRT executives
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees RenaissanceRe elevating two SRT leaders in a round of senior executive promotions. Elsewhere, Bayview Asset Management is building out its ABF capabilities with the addition of a senior advisor in its insurance asset management business, while AlbaCore Capital Group has appointed an md and portfolio manager for its European CLO platform.
Market Moves 13 June 2025
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Views from Barcelona: EC vote, positive CLO outlook and fintech considerations
Global ABS participants anticipate smoother sailing ahead fo...
Securitisation markets may benefit from increased stability in the months ahead, according to speakers at FT Live Fixed Income Events' Global ABS conference. Practitioners broadly expressed hope that turbulence surrounding Trump’s Liberation Day tariffs was easing, and looked ahead as the European Commission prepares to vote on the joint committee proposals for EU securitisation regulation.
The new proposed .......
News 11 June 2025
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Job swaps weekly: Howden acquires Granular Investments to bolster CRT capabilities
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Howden make a major acquisition to strengthen its European credit risk transfer capabilities, which will see two vendor founders work closely with its global credit and political risk team. Elsewhere, the TCW Group has named three co-portfolio managers to lead its newly launched private asset-backed finance interval fund, while a former .......
Market Moves 6 June 2025
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European DataWarehouse expands to India with Bangalore office
New hub to serve global clients and develop securitisation products
European DataWarehouse (EDW) has started its operations in India by opening a new office in Bangalore. The goal of the company’s new centre for IT operations is to provide round-the-clock service for clients operating in non-European time zones, with software development and support for EDW’s flagship platforms on securitisation.
Dr Christian Thun, ceo at EDW, tells .......
News 4 June 2025
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SCI In Conversation Podcast: Scott Frame, Bank Policy Institute
We discuss the hottest topics in securitisation today...
In this episode of SCI In Conversation, Scott Frame, senior vice president and deputy head of research, at the Bank Policy Institute in Washington DC, talks to US editor Simon Boughey about how post-GFC regulation capped growth in the securitisation market and what types of beneficial changes might emanate from the current administration.
This episode can be accessed News Analysis 30 May 2025
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Job swaps weekly: Lane42 names senior execs for new strategy launch
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Lane42 Investment Partners naming six senior executives to spearhead the launch of its capital opportunities investment strategy. Elsewhere, K&L Gates has promoted a structured finance partner to global managing partner, while DunPort Capital Management has followed the launch of its strategic partnership with Vertis Capital Partners by making three senior leadership .......
Market Moves 30 May 2025
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'Strong comeback' for European ABS market
Managers highlight mezz demand amid Liberation Day volatility
The European and UK ABS/MBS market was last month dominated by volatility from the US Liberation Day tariff announcements, which significantly disrupted global trade and financial markets. Monthly fund factsheets monitored by SCI suggest that asset managers are repositioning to mitigate losses from anticipated macroeconomic impacts and identifying where demand is now concentrated.
The wider macroeconomic issues tested .......
News 23 May 2025
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TAMI 2 marks new phase for UK ERM securitisations
Issuance of MA-compliant RMBS expected to rise in 2H25 as regulations evolve
The UK’s equity release mortgage (ERM) securitisation market is gaining traction, with the latest deal - TAMI Senior Securitisation 2 - marking a new phase and a repeatable model for Matching Adjustment (MA)-compliant structures. Following the blueprint set by its predecessor, LMF1, TAMI 2 reflects growing institutional appetite and regulatory momentum ahead of an expected uptick in ERM .......
News 23 May 2025
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Job swaps weekly: LGT names leadership team for European CLO platform
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees LGT Capital Partners making senior appointments to support the launch of dedicated European CLO management platform Legato. Elsewhere, Reed Smith has hired a new partner to serve as head of its Asia-Pacific corporate trust and agency practice, while Ogier has recruited a counsel in its Luxembourg-based banking and finance team.
Market Moves 23 May 2025
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Job swaps weekly: MUFG snaps up Barclays head of CLO primary
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees MUFG hiring Barclays’ head of CLO primary as md and head of CLO. Elsewhere, Starwood Capital Group has appointed a cio for its newly launched Starwood Insurance Strategies platform, while Obra Capital has promoted from within, as it also names a new cio.
MUFG has appointed Barclays’ John Clements as .......
Market Moves 9 May 2025
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European structured finance sees strongest Q1 since GFC, driven by record CLOs
Momentum from late 2024 carries into Q1, led by CLOs and SME deals amid steady investor demand
European securitisation markets began 2025 with robust momentum, according to Morningstar DBRS’s latest quarterly outlook, underpinned by record-breaking issuance volumes and significant growth in the CLO segment. Total securitisation issuance for Q1 2025 reached €67.5bn, a 5.0% increase from the €64.3bn recorded in Q4 2024. Notably, investor-placed issuance surged to €38.3bn—marking the highest Q1 volume since .......
News Analysis 30 April 2025
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European ABS stands firm amid volatility
European and UK ABS defy volatility with strong Q1 issuance,...
Despite growing geopolitical tensions, rate uncertainties and a spike in volatility toward the end of March, European and UK ABS have proven resilient, and in some areas, remarkably buoyant, according to monthly European and UK factsheets monitored by SCI.
TwentyFour AM Momentum Bond Fund’s managers report €11bn of issuance across ABS sectors during March, highlighting “a significant uptick” in consumer and auto .......
News 22 April 2025