Standard Chartered hired Marty Essenburg from Bank of America at the beginning of the year as its London-based global head of securitisation. He will also head fixed income for Africa and the Middle East.
Under Essenburg’s leadership, Standard Chartered has built up a four- to five-strong securitisation team in London and a unit in Hong Kong, which currently comprises three people led by the head of Asian securitisation, who reports to Essenburg.
The bank is aiming to offer a complete range of securitisations, from cash asset-backed securities to synthetic collateralised debt obligations.
Standard Chartered insiders said the bank may make additional appointments and could set up teams elsewhere in the world.