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Opinion

ABS Idol

The ability to hold a tune may not be top of the list of talents required to succeed in the cut-throat structured finance industry – but that could all be set to change. Not many sectors of the capital markets industry can boast their very own band but the ABS market can: the painfully entitled D’Leverage.

Their triumphant debut at the Global ABS Conference in Barcelona last month was met with rapturous

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applause by a crowd well-oiled with free champagne, courtesy of monoline insurer FGIC. Band members were Jim Savitsky of Markit on guitar and vocals; Rob Ford of Synapse Investment Management on keyboards; Adrian Carr of Credit Suisse on bass and Morgan Baker of Eurocatalyst on drums. A succession of guest vocalists took to the stage as the performance progressed, a scene reminiscent of the popular TV series Pop Idol. The songs were of a certain vintage – as indeed were the singers. First up was JPMorgan’s Jach Webb with a rendition of "Dancing in the Dark", swiftly followed by Juliette Chrisman of Merrill Lynch with "Son of a Preacher Man". Jamie Harper of Lewtan then tried his hand at "Honky Tonk Woman" with the European Securitization Forum’s very own Rick Watson then belting out "Brown Eyed Girl". Last up was Julian Tucker of Shearman & Sterling who sang "I Saw Her Standing There".

The Simon Cowell in us felt moved to nominate Julian Tucker to the next round. Sources close to the band revealed that just two rehearsal sessions had taken place, but the performance was admirable regardless.

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