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
Onshore derivative market is the focus for Osaka Securities Exchange
China exchange developing technique to reduce margin requirements
Significant global players not on list to join Shanghai Clearing House
Taiex futures set to be followed by other products
Sign up for Risk.net email alerts
Sponsored webinar: IBM Risk Analytics
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.