New ILS unit launched

Category: ABS CLOs CMBS

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Sector developments and company hires

ABS outfit launched

US Bancorp has launched a new ABS lending business, providing non-recourse commitments secured by consumer and commercial receivables. Bo Weatherly - who joined the firm in 2016 - will serve as md for the new business, based in Charlotte, North Carolina. He has brought together a team of established industry experts, each with an average of 20 years of experience in the securitisation markets.

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