Dresdner Kleinwort Benson (DKB) in Australia has hired Andrew Zanchetta as director of structured finance. Zanchetta was previously in charge of securitization at non-bank mortgage lender Rams Mortgage Corp., a prolific securitizer of its mortgage loans.

However, he will not be focusing on the well-served mortgage securitization market, but instead will lead DKB's efforts towards non-vanilla, non-mortgage deals.

Securitization experts consider Australia to be the second most developed mortgage-backed securitization market in the world behind the U.S., but add that it lags the development elsewhere for non-mortgage deals.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.