UBS Warburg is moving into the credit card sector, on both the principal- and asset-finance aspects of the business. The firm is actively exploring portfolio acquisition as well as planning to hire a banker to handle its credit card-origination operations. The initial securitization of acquired collateral is scheduled for 1Q03, while the bank intends to hire a banker to cover the credit card origination business by the end of the first quarter. The new hire would report to managing director Shahid Quraishi.

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.