Euromoney has learnt of two high profile securitization management moves. The most surprising is that of Robert Palache, who has resigned as European head of corporate securitization and real estate at Barclays Capital. The move comes as a shock given what Barclays Capital has achieved in the European securitization market under Palache – particularly in real estate. Palache poached a three-strong CMBS team from rival Morgan Stanley in 2003 and has successfully built Barclays’ CMBS conduit franchise since then.
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