Merrill CDO Firesalesman To Join Lone Star

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.”


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...