| Mark Watson | ||||||
When Citi/SSSB snatched Punch’s £1.5 billion bridge refinancing mandate away from Morgan Stanley Dean Witter the securitization market jumped.
Mark Watson, head of syndicate at Citibank, has no doubt about the impact it made. “It was a monumental transaction for us and for the market,” he says. “It was a tremendous piece of business for us and one of the most exciting and interesting deals I have ever done.”
Watson’s enthusiasm for the deal stems from the fact that Citibank took the business from right under Morgan Stanley’s nose.
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