Societe Generale is plotting its return to the U.S. commercial mortgage bond market with the hiring of an 11-person team from the Royal Bank of Scotland.
The bank has reportedly been absent from the U.S. CMBS market since 2007.
Wayne Potters and Adam Ansaldi will head the Societe Generale CMBS team, based in New York, according to a press release issued this week. Potters was most recently head of RBS’s commercial real estate group, a position he held since 2013. He has previously worked at Fortress, Merrill Lynch and CSFB in various senior CMBS roles.
Ansaldi previously oversaw RBS’s CMBS group’s award winning distribution and securitization platform. Prior to RBS he led the commercial real estate securitization group at JP Morgan/Bear Stearns from 2001-2009.
Additional team members include Gary Swon, Joey Petras, Chris Kramer and Peter Lewicki driving origination; Stewart Whitman managing REITS origination; David Goodwin managing CMBS credit; Jim Barnard and Justin Cappuccino in CMBS securitization; and Marty Black as CMBS underwriter.
This CMBS push is part bank’s global initiative headed in the U.S. by Hatem Mustapha “to develop asset backed product capabilities that will take advantage of a trend towards increased securitization to finance the economy at a time when many banks’ capacity to hold assets on their balance sheets is limited,” according to the press release.