Jenna Picken appointed Managing Director to lead Interpath’s securitisation debt advisory offering
Interpath Advisory has expanded its Financial Services Deal Advisory offering with the hire of four experienced professionals, including a Managing Director and Director.
Jenna Picken joins Interpath as a Managing Director and will lead the firm’s securitisation debt advisory offering. With a broad and varied career in structured finance, Jenna joins Interpath from the Financial Services Corporate Finance team at EY.
Based in Manchester, Jenna primarily operates across mid-market Financial Services, working with clients across speciality finance including supporting numerous borrowers with their debut securitisation financing. Select recent transactions include advising Octopus Electric Vehicles on raising a £550m securitisation facility; supporting an SME lender with a £200m securitisation to grow their invoice finance and ABL lending business; and advising Evolution Money on structuring their inaugural £290m securitisation.
Jenna’s experience in speciality finance also includes raising both public and private securitisation finance whilst working at specialist mortgage lender Together Money, and as a lender in Structured Finance at RBS.
Also joining Jenna in Interpath’s FS Deal Advisory team are Jack Dutton, Nico Angeliniadis and Olivia Dunning.
Jack Dutton joins the firm as a Director, having previously spent five years in EY’s Financial Services Corporate Finance team where he specialised in debt advisory. Prior to EY, Jack worked at RBS in roles spanning structured finance and funds finance.
He has worked across a number of speciality finance asset classes, including arranging the sale of a £180m portfolio of auto finance loans, advising on a £300m private securitisation of bridging loans and commercial mortgages; and advising a Swedish SME lender on a new SEK1.5bn senior facility.
Nico Angeliniadis arrives as an Associate Director from the Financial Services Corporate Finance team at EY, where his experience includes advising a UK asset finance lender on a £275m private securitisation; arranging the sale of a £180m portfolio of auto finance loans; and serving as a buy-side advisor for a PE fund in their £140m investment in a currency platform. Nico's prior experience includes working across Financial Services Audit and Valuations.
Olivia Dunning joins the team as a Manager. She previously spent over 6 years at EY, specialising within the Debt Advisory and Turnaround & Restructuring practices, with assignments including advising on a £100m facility in development financer; arranging a £200m trade receivables private securitisation and a £150m bridging loan securitisation.
The arrivals of Jenna, Jack, Nico and Olivia follow the announcement that Interpath has hired experienced corporate financier Nick Parkhouse to lead its Financial Services Deal Advisory offering. Nick will join Interpath in March 2024.
Mark Raddan, head of Advisory for Interpath, said: “The establishment of our new Financial Services Deal Advisory team marks a significant investment for Interpath, as we seek to build upon the success of our brilliant Debt Advisory and Corporate Finance teams, and create one of the largest, independent debt and capital advisory teams in the UK. In today’s ever-changing economic environment, more and more companies from across the financial services spectrum require specialist support in raising the capital they require in line with their growth strategies.”
Jenna Picken added: “I’m delighted to be leading the focus on securitisation financing in the newly established Financial Services Deal Advisory team, building on the well-established strength of Interpath’s wider debt advisory and restructuring capabilities. In a continually evolving market, there exists significant opportunity for businesses in financial services to grow and develop their product sets and I am excited to have the support and ambition of Interpath to deliver for clients in this sector.
“In particular, I am looking forward to building the team’s presence both across the North region and in the speciality finance segment, bringing new ideas on capital raising, and structuring and supporting clients with accessing the securitisation markets.”