Ellen Marshall

Securitisation has grown into a complicated and much-maligned beast but Ellen Marshall remembers a simpler and more conservative market. She began her legal career at McKenna & Fitting in 1975, which at the time was one of the top savings and loan firms in the US. "Being a leading savings and loan practice is no longer a great claim to fame but that was the perfect time to be getting into that business," she says.

For the first time, savings and loan companies were required to register their

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