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
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
For further information please visit http://www.lcmpartners.eu
SOURCE: LCM Partners
For further information:
LCM Partners Limited