Deloitte & Touche announced last week that it planned to open an on -the-ground support unit for its securitization software in London. Chris Priskoto, a manager on the U.S. securitization technology practice, has been appointed to lead this effort.
"We are already active in Europe, with clients in six European countries," said Mark Scherer, a principal with Deloitte in New York and leader of Deloitte's securitization technology practice. "Assigning Chris to London to work with our European colleagues to support our clients is a natural progression, and reflects our continued and growing commitment to the European securitization technology marketplace." Scherer said that the systems they offer - ABS Suite and CDO Suite - are already global in nature and include such features as full multi-currency support. They plan to add enhanced synthetic functionality to the CDO Suite software to accommodate requests from European customers.