ABN AMRO has appointed three new members to its asset securitization franchise. Joining the Dutch organisation will be Boudewijn Berger, Mindi Lee and Nachiket Naik in two of its Asian offices.
Berger relocates to ABN Singapore from a Fortis Bank position in the Netherlands. At ABN, he takes on responsibility for product development and will drive the broader application of its Asia specific, asset backed commercial paper vehicle known as Orchid. Berger will also look after asset securitization in Thailand.
His new position signifies a return to ABN AMRO. Berger previously worked within the bank's European securitization franchise. In total, Berger has over 16 years experience in the banking sector.
Also coming to the Lion City is Mindi Lee. Within the asset securitiZation team, Lee will concentrate on the North Asian markets of Taiwan, Hong Kong and China. She comes to ABN from HVB Asia and carries North Asian securitization experience with her. Before moving to ABN, Lee was involved in Taiwan's first cross-border securitization. Her CV also includes securitization experience with an international rating agency, US-based commercial mortgage backed securitization employment and a stint at the IMF.
In its Indian operations, ABN has lured Nachiket Naik to strengthen its product development and execution business. Naik leaves infrastructure leasing and financial services for the bank's Mumbai office. He brings structured finance experience in large-scale project financing leasing and asset based lending capabilities to ABN's securitization team. Naik also spent time rating similar transactions at the Indian rating agency, Credit Analysis and Research Limited.
According to ABN AMRO, the appointments reflect the changing face of the securitization industry in Asia and present the bank with an opportunity to bolster its distribution and solutions capability across the region.
"Securitization in Asia continues to evolve, with greater emphasis on value based solutions that focus on balance sheet management and domestic market placements," comments Gary Watmore, ABN AMRO's head of Asian securitization, financial markets business. "This expansion will allow us to develop deeper client relationships and the creation of tailored, multi-product solutions."