BNY Asset Solutions LLC, the asset backed bond (ASB)_ and commercial mortgage backed bond (CMO) servicing group at Bank of New York, announced today that James D. Vincent has joined its management team as president.
Vincent brings more than 20 years of leadership experience in the capital
markets,
commercial
real estate and financial services industries, with an emphasis on investment management, securitization and new product development.
His responsibilities as president will include managing the operations, sales and product initiatives.
Before joining BNY Asset Solutions, he was senior vice president and managing director of GE Capital Corporation’s Real Estate Group. In this role, he created the capital market and placement groups, as well as managed all the commercial real estate securitization transactions. Vincent also created and managed Nomura Securities International’s commercial mortgage conduit program as the company’s vice president of commercial mortgage finance. There, he co-developed the first direct lending program by an investment bank.
“Jim’s
extensive
industry knowledge and new product development expertise is a perfect fit for BNY Asset Solutions as we continue to expand our array of financial solutions to meet the needs of our clients,” says Brian G. Rogan, senior executive vice president and head of global issuer services at The Bank of New York.
“Under his leadership, we expect to continue to gain momentum in our core competencies
of
commercial real estate, asset-backed securities, syndicated loan services and administrative agent services, as well as increase our opportunities in other appropriate markets.”
BNY Asset Solutions provides administrative and operational support to the
commercial
mortgage
and
asset-backed lending markets from origination through securitization, as well as administrative agent services to the syndicated loan market. BNY Asset Solutions provides master, primary, special and back-up servicing on more than $16 billion in assets.