M&G expands structured credit team with director hire in Madrid
M&G Investments has expanded its structured credit research team with the hire of José Rivero Navarro (pictured) as associate director.
He will be based in Madrid and will report to Tim Morris, head of structured credit research in London. It comes amid M&G’s strategy to extend its origination capabilities in Europe.
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Rivero Navarro joins a 20-strong team in Madrid made up of distribution and investment specialists from public and private markets. He will work alongside Cristina de Guzman Esteban, associate director, to support M&G’s investments in Spain and Europe.
He rejoins M&G from Santander Group, where he was responsible for originating, structuring and deploying capital across multiple securitised asset classes for different strategies. He was previously part of M&G’s London-based team covering Consumer ABS and RMBS, having started his career as a structured finance analyst at Moody’s.
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“We are pleased to welcome José Rivero Navarro back to M&G. His proven track record in structuring and analysing complex financial products, twinned with his deep understanding of the European market, will be invaluable as we continue to expand our investment capabilities,” said Morris.
“We see increased appetite from Spanish investors in alternative investments, in particular in structured credit solutions, driven by the search for higher yields, regulatory shifts, and the need for portfolio diversification,” added Alicia Garcia, country head for Spain.
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“José’s expertise will be a valuable asset to our operations in Spain by enhancing our local origination efforts and supporting our growth in the Spanish market.”
M&G’s structured credit research team is responsible for structuring and analysing roughly €18bn (£15bn) of structured credit investments, alongside other investments. It is part of M&G’s €90bn private markets business.
