Wachovia Corp.'s Institutional Trust group has hired Mike Hellmuth as a relationship manager in its Structured Finance Trust Services group in London, where he will lead trustee administration for all types of structured financings, such as asset-backed and mortgage-backed securities, tax liens and leveraged lease transactions. Hellmuth joins Wachovia from JP Morgan Chase, where he served as vice president in the Trustee and Asset Administration Team.
This comes on the heels of Wachovia's recently announced agreement with BNP Paribas' Global Corporate Trust Division, enabling a comprehensive range of corporate trust services to be offered to existing and potential clients in the European and U.S. securitization markets. This cooperation agreement includes the following services: Trustee, Account Bank, Custody, Collateral and Portfolio Administration Services.
