Structured finance attorney Laurence Pettit has moved as a partner to Kramer Levin Naftalis & Frankel from Baker & McKenzie. In the ABS realm, Pettit has worked on private student loans, life settlements, structured settlements, diversified payment rights, consumer loans and trade receivables. His c.v. extends beyond the U.S., including deals backed by assets from Russia, Turkey, the UK, and Japan. Also hopping from Baker & McKenzie to Kramer Levin are Pettit’s colleagues Gilbert C. Liu and Richard D. Rudder, both of whom work in the structured finance space as well. The three will continue practicing in the same areas, with some nuances, such as a potentially greater focus on the commercial real-estate area, given Kramer Levin’s strengths.
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Appreciating Esoterics
For years esoteric ABS kept its little brother status in a securitization market that was largely dominated by more conventional asset classes. However, with the U.S. mortgage securitization market still at a standstill, industry players are now more free to appreciate the art of structuring esoteric ABS. Historically, esoterics have been a small part of […]
Pettit Jumps to Kramer Levin
Structured finance attorney Laurence Pettit has moved as a partner to Kramer Levin Naftalis & Frankel from Baker & McKenzie. In the ABS realm, Pettit has worked on private student loans, life settlements, structured settlements, diversified payment rights, consumer loans and trade receivables. His CV extends beyond the U.S., with deals backed by assets from […]
Laurence Pettit jumps to Kramer Levin
Structured finance attorney Laurence Pettit has moved as a partner to Kramer Levin Naftalis & Frankel from Baker & McKenzie. In the ABS realm, Pettit has worked on private student loans, life settlements, structured settlements, diversified payment rights, consumer loans and trade receivables. His CV extends beyond the U.S., with deals backed by assets from […]
Whispers
Fannie Mae’s Board of Directors appointed Robert Blakely as its new CFO, the company announced, as well as disclosing a number of key personnel changes. Blakely joins from MCI, where he served as executive vice president and CFO since April 2003, overseeing the restructuring of the finance, accounting and controls functions. Blakely will join Fannie […]