Orrick, Herrington & Sutcliffe has hired Howard Altarescu as a partner in its structured finance practice in New York.
Previously with Goldman Sachs for more than 20 years, Altarescu was head of Goldman's mortgage finance group, co-head of its MBS and ABS finance group, was responsible for structured finance in the emerging markets, with a focus on Latin America. He was also chief operating officer for Goldman's mortgage principal finance business. Most recently, Altarescu was responsible for capital markets coverage of some of Goldman's premier residential mortgage origination clients, according to a release from Orrick.
"Howard is a significant addition to our global group," said Joshua Raff, co-head of Orrick's structured finance group. "We remain committed to the structured finance market and believe that Howard will enhance our ability to serve our clients' needs, especially in light of the unprecedented disruption in the global financial markets, and allow us to continue to play a leading role in the global capital markets."
Over the years, Altarescu has been part of the seminal structured finance deals such as the first CMO transaction, IO/PO deals, public auto receivable ABS as well as several senior/sub mortgage and credit card deals, among others.
Altarescu has a J.D. from Boston University School of Law and a B.S./B.A. from Boston University School of Management in 1970.