Author: Phillip Eade
Bear Stearns’ international expansion continues apace, and in Andy Clapham, the bank now has on its books one of Europe’s leading experts in securitization.
Clapham has as much experience in securitization as just about anyone outside the US. It was he, you may remember, who in 1996 kick-started the collateralized loan obligations (CLO) market in Europe with the Rose deal. This raised $5 billion against NatWest’s portfolio of 300 corporate loans and won the Euromoney deal of the year award.
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