Company hires and sector developments

Euro ABS head appointed

Santander has hired Francesco Dissera as head of continential Europe, securitisation, based out of Milan. He was previously md and partner, head of structuring and advisory at StormHarbour.

PM appoitment duoble

Man GLG has hired Patrick Kenney and Santiago Pardo as portfolio managers to its credit business in London. Prior to this, Pardo worked in credit investments at the Abraaj Group, while Kenney was at Overland Advisors working on global distressed and non-US credit.

Redemption post-suspension

The Lusitano Mortgages No. 2 RMBS is set to be redeemed in full at its principal amount outstanding, plus accrued and unpaid interest, on the August IPD. The move comes after trading of the notes was suspended by the Irish Stock Exchange, in compliance with a direction from the Central Bank of Ireland issued pursuant to the Transparency Directive, for a period of 10 days from 15 July. The suspension was due to the issuer’s audited financial statements not being available.