CDO specialist launches new structured finance firm

The former head of European collateralised debt obligations at Wachovia Securities has launched a new structured finance asset management firm with a team from the US bank, in what is the latest of a clutch of new specialist debt investment firms to have emerged.

Neil Basu, who ran Wachovia's European CDO business for less than a year after joining from Nomura International in December 2006, founded Pearl Diver Capital last year, although the firm was authorised in January by the Financial Services Authority.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line