Petroecuador, Ecuador's state-owned oil company, is said to be discussing the possibility of launching an asset-backed deal with investment bank ING Barings. According to sources, Petroecuador has been mulling the possibility of securitizing its oil export receivables for quite some time but has remained undecided due to internal political conflict.

Philip Sherman has joined Deloitte Consulting in Singapore as a senior adviser in the financial services industry practice, where he will focus on credit-risk management consulting. Previously he was managing director and CEO of Asian Securitization & Infrastructure Assurance Ltd. (ASIA Ltd.), Asia's only monoline.

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