In a move designed to substantially increase its presence in the area of asset securitization, ING Barings said it is purchasing from Swiss-based UBS AG a securitization unit with assets in excess of $7 billion.

Evan Binder, managing director and head of structured finance for the US arm of Dutch-based ING Groep NV, said the purchased assets comprise four conduits, three of which are U.S.-based while the fourth holds non-dollar assets.

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.