Standard Chartered has entered the securitisation business by stealth, hiring a global head of securitisations and several specialists in London and Hong Kong.Getting into the securitisation business is part of Standard Chartered’s push to “enhance the range of products it offers clients", said a spokesperson for the bank.
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.
Topics: Standard Chartered Bank
More on Exchanges
NYXBT will initially be based off data from Coinbase Exchange.
German exchange group signs joint venture deal with CFFEX and Shanghai Stock Exchange
A mostly positive mix of Q1 results also yield big increases in data revenues for some exchanges.
Volumes jump following revamp of Sydney bourse's clearing incentive scheme
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.