The move is part of its strategy to develop capital market focused solutions and Hughes is an ex banker and structured finance specialist.
As a seasoned structured finance specialist, Oliver joins Hometrack to develop the use of Hometrack’s automated valuation model (AVM) into a range of residential portfolio situations, including pricing analysis, risk assessment, funding, securitisation and whole loan transfer.
Oliver commented: “AVMs have the potential to completely revolutionise the accuracy and efficiency of residential portfolio valuation and the funding thereof, notably in the securitisation arena. My goal is to ensure that all market participants truly appreciate the role that Hometrack can play both from a knowledge and technical base.”
Giles Mackay, chairman of Hometrack commented: “Oliver brings with him a wealth of experience in structured finance and mortgage portfolio sale and securitisation and we are delighted to have him on the team. Hometrack is set to continue to extend the use of our AVM model especially into the mortgage lender business, both improving customer service and delivering immediate cost savings from both origination and funding angles.”
Oliver Hughes started his career with Baring Brothers, and later ING Barings, focusing on structured finance and securitisation. He has worked for several years in the Far East initially helping to establish the ING Barings securitisation presence there. More recently he was a partner of Devonshire Capital, a boutique merchant bank, where he was responsible for a number of high profile transactions including two separate securitisation issuances for the National Housing Authority of Thailand and the launch of a commercial property REIT, which was listed on the Thai Stock Exchange in June 2005, both first time issues in their sectors.
