People & Markets

  • Securitization stalwart Paratus AMC up for sale via Houlihan

    Securitization stalwart Paratus AMC up for sale via Houlihan

    UK specialist lender Paratus AMC is up for sale, GlobalCapital understands. If a deal is done, it will open a new chapter in the history of one of the best known names in European securitization, and change the ownership structure for a host of RMBS deals.

  • Senate votes to overturn 'true lender' law

    Senate votes to overturn 'true lender' law

    The Senate voted to overturn the 'true lender' law, a rule which makes it easy for non-bank marketplace lenders to originate loans through banks. Though the rule is unlikely to be rescinded, the efforts to roll it back show that pressure will remain on marketplace lenders, as states challenge federal regulations that they see as infringing on their licensing and usury laws.

  • IR+M bolsters client portfolio management team

    IR+M bolsters client portfolio management team

    Income Research + Management, a private fixed income asset management firm in Boston, added Ken Johnson and Philip Machoka as vice-president and portfolio manager to expand its client service team.

  • OnDeck CEO leaves for Bain Capital Ventures

    OnDeck CEO leaves for Bain Capital Ventures

    Noah Breslow, OnDeck’s former chairman and chief executive officer, has left the company to join Bain Capital Ventures as an operating partner. The news of his departure comes nearly seven months after Breslow sold OnDeck to Enova and after key management personnel, including the head of corporate communications, have exited the company.

  • EBA revises NPL data plan which could become compulsory

    EBA revises NPL data plan which could become compulsory

    The European Banking Authority has published a new version of its NPL data templates, which are supposed to serve as a standardised way for buyers and sellers of non-performing portfolios to exchange information.

  • WhiteStar eyes acquisition candidates in European CLO build-out

    WhiteStar eyes acquisition candidates in European CLO build-out

    WhiteStar Asset Management’s expansion into London could include the purchase of an existing CLO platform, according to chief executive Gibran Mahmud. The Texas-based firm, run by the former Highland Capital Management team, announced last week that it had opened a London office headed by executive chairman Gordon Neilly.

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