Standard Chartered has established a global asset-backed securitization team, enabling the firm to structure, arrange, and distribute asset-backed and future flow transactions.

The new team is comprised of experts previously from the Bank of America. Martin Essenburg has been appointed as the managing director and global head of the new venture. He is also the head of fixed income for Africa, Middle East, and South Asia. Prior to Standard Chartered, Essenburg was the head of international securitization at B of A. Noel Edison is hired to be the managing director and head of asset securitization for Emerging Europe, Africa, Middle East, and South Asia. Both of them will be based in London.

Meanwhile in Hong Kong, Warren Lee will head the asset securitisation for Asia along with Lesi Zuo as director and Kenneth Kwan as associate.

Commenting on the new hires David Worth, the head of capital markets said:"The formation of this global team is an important step in the further development of our capital markets business. The new team brings a wealth of experience to Standard Chartered and will play and important role in developing our presence in this business across the world."