Current Page:1
Rising Stars of Securitization: Gregory Park
06-17-2008 | Source: The Global Securitization Guide
Institutional Investor News’ inaugural issue of 10 Rising Stars of Securitization showcases up-and-coming executives in the securitization arena, with the featured individuals representing all segments of the marketplace – including origination and structuring, fund management, marketing, technology, legal and regulatory – and hailing from companies around the globe. These individuals are poised to shape the securitization market in the years to come.
Today we feature Gregory Park, managing director and head of securitized products group Asia Deutsche Bank, Hong Kong
Age: 35
Education: Dartmouth College (B.A. in History)
Mentors: Sajid Javid, Head of Global Credit Trading, Deutsche Bank; Jean Marc Winand, Head of Japan Securitization, Calyon
Park had his first ‘positive experience’ with structured finance as a junior in college. It was then - while interning at Cravath, Swain & Moore in New York and working on a suit between AIG and its derivatives arm, AIG Financial Products - that he was introduced to interest rate swaps, and he’s never looked back.
Park now is head of the securitized products group for Asia at Deutsche Bank in Hong Kong. In this position, which he assumed in April 2007, he focuses on principal portfolio acquisitions, structuring securitization
instruments and the trading and distribution of asset-backed and residential mortgage-backed securities. He oversees a team of eight that covers all securitization activities in China, Taiwan, India, Korea, Malaysia, Thailand and Indonesia.
Park first landed in Hong Kong in 1997, following a two-year stint at JP Morgan Securities’ New York structured products group. He worked at ING Barings Securities in Hong Kong as an assistant director of Asian securitization from 1997 to 1999, spent the next couple of years in the securitization group at Crédit Lyonnais and then moved to Credit Suisse First Boston as head of Asian securitization from 2001 to 2004. From July 2004 to March 2007, he was a managing director and head of securitization at Calyon.
Park said one of his biggest career accomplishments has been the completion of Asia’s first cross-border residential mortgage-backed securitizations in Korea and Taiwan, feats he attributed to the guidance of his boss at the time - Calyon’s head of Japan securitization, Jean Marc Winand.
Going forward, Park sees tremendous growth opportunity in the Asian securitization business. “Accelerated growth in the consumer finance and infrastructure sectors is driving the need for advanced financing solutions,” he explained. “The rising and prospering middle class – particularly in India and China – are assuming Western-style consumption patterns that will drive tremendous asset growth. These asset
pools will make Asia a substantial contributor to global securitization volume.” His professional legacy, he hopes, will be as a “clever innovator who contributed to the capital markets in Asia.”
Current Page:1
