Standard Bank is craving more Latin American action. The South African bank has recently poached Christian Corcino from Moody's Investors Service and Erick Hernandez from Deutsche Bank to beef up its Latin American capital markets group in New York.
Corcino spent five years at Moody's as a New York-based analyst of Latin American structured finance. Prior to his tenure at the agency, he was an analyst of fixed income and equity mutual funds at Value Line. Hernandez was a vice president in the securitized product group at Deutsche's Mexican office, which he joined from Bancomer in 2001. Hernandez's hire is a sure sign that Standard now aims to enter Mexico's domestic market, where, so far, it has been absent from a boom in ABS and MBS.