Bern Fischer, formerly of the new assets group at Standard & Poor's, has moved over to PartnersRe, joining the firm's "New Solutions" structured finance group, a next-generation ABS buyside firm.
PartnersRe plans to research, invest and participate in the structuring of highly esoteric, buy-and-hold transactions. One of the group's strengths is its significant risk-taking capacity, as a division of PartnerRe, an international double-A rated reinsurance group. Serving as an investor, the firm provides capital markets execution to illiquid asset classes, such as intellectual property or trademark and royalty securitizations.
Fischer was brought over as a vice president, working with David Moran, who started the group about two years ago after leaving Swiss Re. At Swiss Re, Moran was part of the team that participated in the Arby's 10-gallon hat monetization (a trademark securitization). Though not the lead analyst, Fischer took part in the transaction while at S&P.