Rick Watson has worked in securitisation for his whole career. He started at Freddie Mac in Washington, prior to a nine-year stint at Morgan Stanley working on securitisation and corporate finance. In the mid-1990s he moved to Europe, working first at UBS then running teams at Bear Stearns and HSBC, originating securitisation and CLO products. He arrived at the ESF three years ago.
"Even before the crisis, I thought the important thing about the securitisation market was its importance to the rea