The BBVA Corporate & Investment Banking (BBVA CIB) unit in the United States has strengthened its range of services to offer global capabilities to corporate and institutional clients with the creation of a specialized group focused on securitization solutions and bridge financing. This initiative responds to the growing demand for structured financing from global corporations seeking to optimize their capital efficiently, according to the company statement accessed by Funds Society.
Securitization is a key product that U.S. firms use as part of their financing tools, and it also has a strong connection with institutional clients. Additionally, it provides corporations with essential tools to improve balance sheet efficiency, while institutional investors can diversify their portfolios with high-quality assets, BBVA added.
Richard Burke has joined BBVA Corporate & Investment Banking in the United States as Head of the Securitization Business and will lead this specialized team, which is being established with an initial structure in New York and Madrid, providing services to clients globally. Burke brings valuable experience in creating and managing complex solutions for institutional clients.
Previously, Burke was Co-Head of the Securitization Unit for the Americas at Mizuho CIB, where he led the origination, execution, and management of transactions in ABS products, securitization, and lease finance. He also headed the Asset-Backed Finance Origination Unit at HSBC Americas.
Initially, BBVA will begin this activity by offering portfolio financing lines to corporate clients, and over time, will also develop the capabilities for ABS structuring and placement. This type of operation is closely coordinated with key BBVA CIB units, such as Investment Banking & Finance, Global Transaction Banking, and Global Markets.
“Our clients demand this product because it is a key tool to finance their operations more efficiently. This new offering will not only strengthen our current relationships but will also position us as long-term strategic partners for our clients in the United States,” commented Regina Gil Hernández, Head of BBVA CIB in the United States, who added that there is also growing demand from Financial Sponsors for this type of operation, due to the high demand for Capex for data centers related to AI and renewable project financing.
With this new hub, BBVA reinforces its commitment to offering solutions to its global clients, adapting to a constantly evolving financial environment, as explained by Javier Rodríguez Soler, Global Head of Sustainability and CIB at BBVA.
