Asset Backed Alert has ranked Deutsche Bank’s Trust & Agency Services (TAS) business No.1 in the United States for US asset-backed securities (ABS)/ mortgage-backed securities (MBS).
With a 27% share of the US market, Deutsche Bank worked on nearly one of every three deals, acting as trustee on 48 deals totaling in excess of USD 33bn in issuance through June 2012.
Gary Vaughan, Co-Head of Americas Corporate Trust for TAS, spoke of the growth areas. “We are pleased to receive a number one ABS/MBS ranking in the US from Asset Backed Alert, which is testament to the tenure and experience of our staff as well as our strategic focus. Today’s securitization market is strong and gaining momentum and we look forward to remaining a top player.”
F. Jim Della Sala, Global Head of TAS added, “Deutsche Bank is known in the market for its ability to administer ABS/MBS transactions in an expert manner in all market conditions. This was proven with our strong standing during the financial crisis and supported by our continued focus on providing value to our clients.”
For more information on Deutsche Bank’s Trust & Agency Services business, click here.