Hamburg Commercial Bank (HCOB) has hired Fabrizio Sicilia as managing director and head of non-performing loan (NPL) financing.

Sicilia joins from Alantra, where he originated structured and portfolio solutions for financial institutions, originators, sponsors and private credit investors across Europe. He also led buy- and sell-side credit portfolio transactions and underwrote more than €200bn (£168.2bn) of non-performing exposure portfolios. He previously also worked at KPMG and Barclays.

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At HCOB, Sicilia will be responsible for driving growth in the firm’s NPL and granular asset-backed financing platforms.

He will be based in London and report to Bryant Lau, head of corporates international & specialty lending.

“As private credit continues to evolve, clients increasingly value financing partners that can provide certainty, expertise and consistent execution”, commented Lau. “We have built a platform focused on long-term relationships, clear decision-making and dependable delivery, and we look forward to extending that approach across a broader range of asset-backed opportunities.”

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HCOB specialises in tailor-made financing solutions for German and European companies and has an expertise in Germany-focused real estate financing and the shipping sector.

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