Debt guru Montero leaves C&W


16 April 2016 – by Mike Cobb

Cushman & Wakefield’s head of loan sales, Federico Montero, has left the company.

Cushman NPL

Montero, who joined Cushman & Wakefield’s corporate finance business in 2012 and is one of the industry’s most respected loan portfolio advisers, is leaving the firm to join an investment bank.

C&W is in the process of selling Nama’s €6.5bn (£5.1bn) projects Emerald and Ruby, and Montero will continue to advise on the sale on a consultancy basis.

His departure will come as a major loss to C&W, which under Montero had sold a number of the larger and more complex deals for Ireland’s Nama and Germany’s bad bank FMS (see table).

Montero led the pricing, selection of assets and conducted the bidding process for some of the most complex sales issued in recent years. The largest of these was the €8.4bn Project Arrow for Nama last year.

In addition to his work on loan sales, Montero also established a strong reputation with the firm’s quarterly loan sales report and its comment on the state and future of the non-performing loans market.

Montero has 18 years of experience in the sector.

Prior to his time at C&W, Montero was with KPMG for five years, also advising on portfolio sales.

Before that he worked for Central and South American regional specialist Grupo Bursatil Aldesa.

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