Friday, 29 May 2015
Last updated 6 hours ago
Jun 7 2010 | 12:47pm ET
The former Merrill Lynch executive who liquidated the firm’s collateralized debt obligations is joining the private equity firm he sold them to.
Donald Quentin has left Bank of America, which bought Merrill last year. He is to join Lone Star Funds, to which he negotiated the sale of $30.6 billion in CDOs. Dallas-based Lone Star paid just $6.7 billion for the loans, with Merrill writedowns financing about 75% of the deal.
At Lone Star, Quentin will be based in London.
“Donald is someone we know and hold in high regard in terms of both his technical skills and knowledge of the markets, in the U.S. and Europe,” Len Allen, head of U.S. origination at Lone Star, said. “He will principally access U.S.-based structured products held by European institutions.”
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…