The market maker
In the last seven years US credit card company MBNA has been instrumental on four occasions in re-establishing activity in the dollar asset-backed securitisation market. The most recent time was after the US terrorist attacks last year. The company brought a $1 billion dollar deal on September 20 – just nine days after the attacks.
The reason that MBNA enjoys such prestige is in part thanks to the work of its chief corporate finance officer, Vernon Wright. “When we do a deal, we focus on our
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