Steven is an associate in the Banking & Finance department and Corporate Trust group. He often works with banks in their roles as trustees in structured financial transactions and securitizations. His recent experience has been working with fiduciaries in asset-backed securitizations, collateralized loan obligations, collateralized debt obligations, corporate and municipal debt transactions, custodial arrangements and warehouse facilities. He also has experience serving other financial institutions in corporate financings and other commercial loan transactions.
I work with fiduciaries on every aspect of securitization and structured financings. At the origination of the deals, I help our clients negotiate potential issues related to new securities issuances. I also work with our clients towards the winding up of these same deals by helping them complete optional redemptions and liquidations. Throughout the lives of these deals there may be issues that arise, and I also work with our clients in resolving these issues and minimizing their potential risk exposure.
I increasingly see resistance from other deal parties in giving full protection to fiduciaries in certain aspects of securitization deals. With that, I work with our clients to navigate potentially murky issues and minimize potential risk in serving in fiduciary roles in transactions.