Sector developments and company hires

RFC issued on ABS tax policies
HMRC is seeking feedback on two draft statutory instruments: the Taxation of Securitisation Companies (Amendment) Regulations 2022 and the Securitisation Companies and Qualifying Transformer Vehicles (Exemption from Stamp Duties) Regulations 2022. The UK government consulted on making changes to clarify or reform certain aspects of the taxation of securitisation companies and the stamp duty loan capital exemption as it applies to securitisations and to ILS (SCI 29 October).

This latest technical consultation aims to gather feedback from stakeholders on the drafting of the statutory instruments to ensure they deliver the policy correctly and effectively. The consultation closes on 10 January.

In other news…

EMEA
Hogan Lovells has expanded its international debt capital markets division in Frankfurt, with the hire of Johannes Rothmund as counsel. He most recently worked as general counsel at CORESTATE Bank and will move to Hogan Lovells on 1 January 2022. Rothmund’s advisory activities focus on derivatives and securitisations of trade, credit and leasing receivables.

Olivier Renault has joined Pemberton Asset Management as md, head of risk sharing strategy, based in London. Renault was previously global co-head of FIG solutions at Citi, which he rejoined in April 2015 from StormHarbour Securities, where he was head of structuring and advisory. Before that, he was a director, global structured credit products at Citi and associate director at S&P Risk Solutions.