Tuesday, 29 July 2014
Last updated 9 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.”
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…