Deutsche Bank today announced it has appointed Gregory Park as Managing Director and Head of Securitisation, Asia ex-Japan, based in Hong Kong. His appointment is effective as of 2 April 2007.
Mr. Park was previously Managing Director, Head of Asset Securitisation at Calyon, based in Hong Kong and was responsible for all regional securitization and structured capital markets transactions. He has over 11 years’ experience in the Asian securitisation market, across a broad range of markets and asset classes.
Sajid Javid, Managing Director and Head of Global Credit Trading Asia at Deutsche Bank, said: “Asia’s securitisation market has enormous potential. The region’s expanding consumer credit and mortgage lending market and strong demand for large-scale equipment and infrastructure finance will help drive growth in the region’s securitisation market.
“Mr. Park’s extensive experience will benefit those clients looking to securitise assets for balance sheet relief and flexible terms of finance via Deutsche’s leading capital markets platform in Asia”, he said.
Annual volumes in Asia’s securitisation market (ABS and MBS) have exceeded USD20 billion for the past three years, according to Dealogic. In 2006, USD21.6 billion of deals came to market, including the first ever ABS deals from China in May and August.
Richard D’Albert, Managing Director and Global Head of the Asset Securitisation and CDO Group at Deutsche Bank, said: “Greg’s intimate knowledge of the securitisation market in Asia will be of great benefit to our clients in Asia as well as to the growth of Deutsche Bank’s global securitisation platform”.
Mr. Park holds a Bachelor of Arts cum laude from Dartmouth College, Hanover, NH, USA. He will report regionally to Sajid Javid, Managing Director and Head of Global Credit Trading Asia at Deutsche Bank and globally to Richard D’Albert, Managing Director and Global Head of the Securitised Products and CDO Group at Deutsche Bank.
For further information, please call:
(65) 6423 8413
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Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 1,128 billion in assets and 68,849 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
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