Sector developments and company hires

CDO manager transfer

Dock Street Capital Management has replaced Deerfield Capital Management as collateral manager for the Buckingham CDO II and III ABS CDOs. Under the terms of the appointment, Dock Street agrees to assume all the responsibilities, duties and obligations of the collateral manager under the indenture. Moody's has confirmed that the move will not result in the withdrawal or reduction of any ratings on the notes. For more CDO manager transfers, see SCI’s database.

Funding secured

Funding Circle has secured a £1bn funding line from Waterfall Asset Management to help finance more loans to SMEs in the UK, Germany and the Netherlands. The investment will be over two years and part financed by Deutsche Bank.

UK

Deloitte has hired Jonathan Gold as a partner in its UK advisory corporate finance practice. Gold will focus on building client relationships in the banking, capital markets and insurance sectors across Deloitte’s North West Europe business. Gold worked most recently at Deutsche Bank, where he was co-head of the EMEA financial institutions group financing and solutions business. He will be based at Deloitte’s head office in London.