Bank staff up for grabs in loan sales

Private equity firms eyeing the troubled loan portfolios of Europe’s banks are wagering deals that involve the transfer of bankers and loan servicing staff

Private equity firms looking to buy up troubled loan portfolios off Europe’s banks are not just interested in buying up the property assets at distressed prices. They also want to hire the bankers that have knowledge of the troubled assets to bulk up their expertise.

According to Andrew Jenke, director in KPMG's portfolio solutions group, bankers are becoming part of the sales package when private equity firms buy loan portfolios.

WSJ Logo