BofA sets its sights on US synthetic risk transfer market
New trading initiative has already notched at least three transactions
Bank of America is looking to build a trading business focused on US synthetic risk transfer (SRT) deals, according to six sources familiar with its plans.
Executives at the bank have been quietly pitching the idea to issuers and investors for months. The effort is understood to be led by David Sklar, head consumer and residential credit trading at BofA.
Two of the sources that spoke to Risk.net for this article have seen a pitch book that is being circulated to interested parties. One of these
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