Nearly two years after re-entering the U.S. ABS market, UBS will look to expand its business throughout 2004, moving into the auto loan and credit card sectors of the market. Known primarily for its mortgage-related and CDO presence, UBS is making inroads into both the prime and non-prime sectors of the consumer sectors, activity it expects will make the underwriter more visible in the second half of the year.

The expanded operations are part of a broad plan to offer complementary services globally, said Shahid Quraishi, managing director and U.S. group head. The bank is further along in its plans to underwrite credit card ABS, with auto co-manager mandates slated for the second half of the year, Quraishi added.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.