Paul Jenison has joined Finacity Corporation as part of the firm’s effort to expand its business of securitizing and funding consumer receivables, Finacity said in a press release.
Jenison’s an old hand in the field of structured finance. Since 1986, he has handled more than $33 billion in structured finance issuance, including $12 billion in credit card deals, according to the website for Jenison Financial, a firm that he has managed along with five others prior to joining Financity.
Jenison Financial will continue operating.
In addition to this namesake boutique shop, Jenison has worked for larger household names such as Prudential Securities and Paine Webber, where he was managing director.
Jennison’s experience in securitization covers a range of asset classes beyond credit cards, including home equity, trade receivables, legal settlements, leases, medical receivables, airline receivables, and contract monetization.
Finacity had a record year in 2012, with more than $60 billion of commercial and consumer receivables financed for its clients, according to CEO Adrian Katz.