The former investment chief at Cambridge Place Investment Management has joined a structured finance house set up by a founder member of the European securitisation group at Morgan Stanley, as the boutique aims to capitalise on the pain in the asset-backed securities markets.

Agfe, a structured finance advisory house set up by Paul Rolles in 2006, has hired Steve White, former chief investment officer in Europe for CPIM, according to a statement from Agfe. White had previously overseen around €2.7bn ($4bn) in assets at CPIM.