Nixon Peabody has hired Keith Krasney and Peter Morreale as partners to lead the firm’s securitization and structured finance team. This is part of the firm’s ongoing expansion of its global finance practice.
Krasney will be joining the New York office, while Morreale will be at the Washington, DC office.
Both men were partners at McKee Nelson prior to the move to Nixon Peabody. At McKee Nelson, their practice included securitizations, structured finance, sales, purchases and financings of interests in financial institutions.
“One of the key elements of our economic recovery will be a healthy and robust securitization and structured finance market,” said Morreale. “That market will look different than it has in the past, but it will utilize many of the structures that have been developed and refined over the years.”
“The market landscape is shifting to reflect the lessons of the last two years and the new regulatory framework,” added Krasney. “This current credit market environment presents an extraordinary opportunity for our clients.”
Mats G. Carlston, leader of the firm’s global practice, said the hire would add to the financing capabilities presented to clients, while their experience in distressed financial assets would be key in the current economic climate.