Banc of America Securities bulked up its growing European ABS and CMBS teams this week with four new additions due to start working with the team in July. Andrew Allan will join as managing director and head of EMEA ABS syndicate and trading and Greg Kosinski joins the banks as principal, EMEA ABS origination and principal finance. Both Allan and Kosinski were previously part of the UBS securitization team.
Additionally, Nigel Milner joins the bank as managing director; European head of CMBS and Steve Skerrett joins as managing director, head of EMEA ABS origination. All four will report directly to Michael McLaughlin, EMEA and Asia head of global structured products. McLaughlin noted that the ABS and CMBS teams would link closely with the bank's real-estate lending and advisory capabilities and with its financial sponsor and leveraged finance group - thereby providing a fully integrated service for mortgage companies, real estate businesses, private-equity firms and hedge funds.