LONDON, Dec. 20, 2013 /CNW/ - LCM Partners Limited (LCM) is pleased to announce today that it has won a tender from the European Central Bank (ECB). LCM will provide advisory services on the second phase of the Asset Backed Securities (ABS) Loan Level Initiative, an ECB initiative that has the primary goal of restoring investor confidence in the European ABS market.
LCM has been working with the ECB since 2009 and will continue to provide advisory services on this program extending its contract until 2017. LCM will be responsible for a number of deliverables including the provision of advice on both existing and future ABS data disclosure initiatives.
Notes to editors:
LCM Partners, a member of the Link Financial Group, has to date acquired in excess of 1,500 performing and non-performing loan (NPL) portfolios representing over € 10 billion of face value.
LCM offers unrivalled expertise in Europe across performing and non-performing loans through both its advisory and asset management businesses. Over the last three years, LCM successfully launched two consumer NPL funds with its joint-venture partner, Insight Investment Management. LCM will launch a new Credit Opportunities Fund under the LCM Partners brand in 2014.
The Group which was established in 1998 is majority owned by founders and management, with its core leadership team being unchanged for over 10 years. The Group has an unprecedented global reach, and has achieved an annualized, averaged, unleveraged return of c. 13% over 15 years.
LCM Partners and Link Financial Outsourcing are members of Link Financial Group.
For further information please visit http://www.lcmpartners.eu
SOURCE: LCM Partners
LCM Partners Limited