People moves and key promotions in securitisation

This week’s roundup of securitisation job swaps sees the European Leveraged Finance Association (ELFA) appoint a TwentyFour Asset Management portfolio manager as co-chair of its CLO investor committee. Elsewhere, CBRE has named its new ceo of Germany, while Hometap has hired a new director of structured products.

Elena Rinaldi has taken over from Emeric Chenebaux as the new co-chair of ELFA’s CLO investor committee. Joining fellow co-chair, Denis Struc, TwentyFour AM’s Rinaldi brings her CLO expertise to ELFA to help continue its mission to increase ESG reporting and disclosures in the European CLO market.

Rinaldi joined TwentyFour in 2015 as an analyst, focusing on underwriting and modelling ABS, CMBS, RMBS and CLO transactions. She has progressed into a portfolio management role and is the ABS lead on the firm’s ESG committee.

Meanwhile, CBRE has promoted Kai Mende to ceo of its German advisory business, succeeding interim ceo of Germany Peter Schreppel. Schreppel will return to his role as CBRE’s head of international investment for Germany within its capital markets team, as previously planned.

Based in Berlin, Mende joined CBRE as md within its capital markets division in 2017, leaving his position as md at JLL after 20 years with the real estate advisory and investment firm. He took over the position as city leader in Berlin in 2019, a role he will continue to hold alongside his position as ceo.

Boston-based fintech, Hometap, has appointed a new director of structured products. Diane Wold joins the home equity lending specialist form Wells Fargo where she served as senior vp of its home lending capital markets team. Based in Minneapolis, she will report to Cara Newman, who joined Hometap in the newly established role of head of structured finance in July last year. 

Wold will support the mission to build out its securitisation platform. She will coordinate Hometap’s business strategy, finance, data sciences, investment support and capital teams as the firm seeks to produce a sustained flow of MBS issuance.

Morrison Foerster has recruited a new partner, Rhys Bortington, to its global finance group and transactions department. Based in the firm’s office in New York, Bortington’s practice will focus on over-the-counter derivatives, structured derivatives and structured finance. Bortington joins Morrison Foerester from a nine-year tenure at White and Case where he most recently served as counsel, and has more than 15 years of derivatives and structured products expertise across the US, European and Australian markets.

Santander has appointed Enrique Rico as its new global head of trade and working capital solutions. Rico has been with Santander CIB since 2016, when he joined as vp of structured trade and asset mobilisation. Based in Madrid, Rico will report to the previous incumbent, Mencía Bobo, who was recently promoted to Santander CIB’s global head of global transaction banking.

Greystone has appointed PGIM Real Estate’s Alex Chang as senior md of structured products, primarily based in its New York office. Chang will report to Debby Jenkins, co-president of Greystone’s lending business platforms, and will focus on bridge lending and the expansion of the firm’s bank and alternative capital relationships. He leaves his role as executive director at PGIM after two years with the firm, having previously spent 13 years at Freddie Mac.

And finally, battery energy storage company Spearmint Energy has appointed two structured finance professionals as mds. Engie North America’s Rafia Merchant and Barclay’s Michael Gray have joined the company as md for capital markets and md for project finance respectively.

Merchant leaves her role as director for acquisitions, investments and financial advisory at Engie after two years with the firm and previously worked at New York Power Authority, Bank of China, BNP Paribas, Macquarie and JPMorgan. Meanwhile, Gray leaves his position as director for renewable energy investments at Barclays after 14 years with bank, having started his career at Deloitte.

The firm also appointed Jack Clark III as director of regulatory – ERCOT & SPP, and Omar Longou as director of commercial operations.

Claudia Lewis, Kenny Wastell