Ex-UBS De Ville Joins Cantor’s Asset-Backed Bond Unit in London
Stock Chart for UBS AG (UBSN)
De Ville will focus on U.K. prime residential mortgage- backed securities and European consumer and sterling fixed-rate asset-backed securities, Sheryl Lee, a spokeswoman for Cantor Fitzgerald in New York, said in an e-mail.
The New York-based securities brokerage firm hired De Ville as soaring demand for core European securitized debt drives down yields. Investors demand a premium of 62 basis points to hold senior bonds backed by U.K. prime home loans over government debt, the tightest spread in more than five years, according to data from JPMorgan Chase & Co.
Asset-backed securities pool home and consumer loans that can be sold to investors as notes.
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