Auto Finance News is excited to announce Elen Callahan, head of research at Structured Finance Association, and Kayvan Darouian, director of consumer asset-backed securities research at Deutsche Bank, are joining Auto Finance Summit East to present on capital funding at 11:15 a.m. CT on Thursday, May 11, at the JW Marriott Nashville.
Callahan and Darouian will present on prime and subprime credit costs, provide insights on investor demands, and give an update on spreads and yields and the implications on pricing and product expansion in auto ABS.
Auto ABS volume was muted last year because of the Federal Reserve’s aggressive rate hikes designed to combat inflation. ABS volume decreased 16.7% year over year to $110 billion in 2022, according to JPMorgan Securities.
2023 promises more rate hikes and more uncertainty in the capital markets. What does that mean for the auto finance industry and how it will affect lender’s funding strategies? GM Financial and Westlake kicked off 2023 as the first entrants the ABS market, with a $1.3 billion deal backed by prime auto receivables and a $1 billion deal backed by subprime auto receivables, respectively.
Auto Finance Summit East takes place May 10-12 at the JW Marriott Nashville, providing knowledge, networking and key takeaways for auto lenders. View the full event agenda here.
Callahan directs research strategy to further Structured Finance Association’s mission of education on the securitization industry. She joined Structured Finance Association in November 2019, following nearly 12 years at Deutsche Bank where she served as chief operating officer of global debt research and head of U.S. consumer ABS research. Callahan also was associate vice president at Credit Suisse from 1996 to 2000.
Darouian has been a research analyst at Deutsche Bank since June 2012. He previously served as an associate and portfolio analyst at Barclays Capital.
The Auto Finance Summit East will also feature a fireside chat from Chase Auto Chief Executive Peter Muriungi, who will discuss portfolio management and new initiatives at the lender; a Diversity, Equity and Inclusion luncheon headlined by Santander US Chief Diversity Officer Virnitia Hendricks; and a tech demo challenge.
Auto Finance Summit East, Auto Finance News’ new spring event, kicks off May 10-12 at the JW Marriott Nashville. To learn more about the 2023 spring event and register, visit autofinance.live/afs-east.