UBS sets up new Euro ABS program

UBS recently launched a new property-lending team with plans to establish a European ABS program, according to market reports. The new team will be led by Wilson Lee, the former managing director of Lehman Brothers European real estate group. Lee is expected to head a team of twelve that will focus on U.K. and continental European ventures. Along with setting up a new securitization program, the team will also syndicate loans and provide senior loans, mezzanine and equity financing.