DLA: Dear Darren, what was the reason for founding your company?
Darren Nesbitt: The EuroABS business was founded in 1999 by ex-market professionals, with the website launched in July 2000. The original aim was to provide due diligence services for institutional investors, but since these early foundations, the company has expended to provide regulatory services across the whole spectrum of securitisation, interacting with issuers, arrangers, lawyers, and investors. We have become a key transaction party within any transaction we work on.
DLA: What exactly is the business model of your company?
Darren Nesbitt: Following on from the earlier question, our core services include cash flow modelling, and providing regulatory reporting solutions for asset-backed securities around the globe with clients in the UK, Europe, US and Asia. As we continue to expand our services, our goal remains clear: to provide unparalleled expertise and support to our clients, helping them navigate the complexities of the asset-backed securities market. We continue to argue for clear and honest transparency in the global securitisation market.
DLA: Why was it important for you to become a member of our trade body?
Darren Nesbitt: We see Digital Lending as the obvious future and the continued move away from traditional funding platforms, and hence the need to interact with both the established and start-up online platforms and apps is extremely important to EuroABS. The DLA is the perfect fit for EuroABS to achieve this aim.
DLA: Thank you very much for the interview, Darren. Glad you’re part of our organisation now.
Foto credits: EuroABS