JP Morgan unveils Corsair platform


JP Morgan has just launched a new multi-issuance,
multi-jurisdictional repackaging platform, Corsair, which it hopes will attract the fund managers and funded investors in Europe that have traditionally done their repackaging business, a subset of the securitisation market, through heavyweight competitors such as Deutsche Bank.

Stephen Stonberg, head of the risk transformation group at JP Morgan and co-head of credit derivatives marketing, is the man the bank has brought in from Deutsche Bank

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