CIFG is expanding its European presence with the hiring of Richard Lumley as director and Louise van der Boon as an associate for its European structured finance team. This is a response to the growing European asset-backed market, specifically in the consumer and mortgage-backed arena.
"We are seeing a wealth of opportunities in the consumer and mortgage-backed sectors in both Northern and Southern Europe. We need the staff to respond to this growth," said Charles Gundy, managing director, head of European structured finance, at CIFG. The two new hires will be reporting to Gundy. He said that Lumley and van der Boon will be focusing on RMBS and consumer ABS, which includes auto loans and unsecured personal loans that finance consumer durables and home improvement. He also said CIFG Europe will also pursue opportunities in corporate securitization.