
ASSET SERVICING AND STRUCTURED FINANCE
Practice Area
Our Experts bring unparalleled knowledge and insight to support clients in navigating complex structured finance transactions and asset servicing matters.
Need More Information?
Our team of experts offers authoritative guidance and testimony across a wide range of functions, including trustee and indenture trustee roles, custodian and sub-custodian duties, collateral and fund administration, calculation agent services, and both master and special servicer responsibilities. Backed by extensive industry experience, SEDA Experts is committed to delivering precise, informed assessments tailored to meet the rigorous demands of litigation and dispute resolution.
SEDA Experts has an exclusive team of experts with extensive experience in asset servicing, including but not limited to indenture trustee, custodian and sub-custodian, collateral administration, fund administration, calculation agent and bank agent, master servicer and special servicer services, among other.
EXPERTISE
Custody Services
Our team's experience encompasses various facets of custody services, including safekeeping, trade processing, trade capture, and settlement. We are well-versed in managing cash accounts, securities trade and settlement, premises and off-premises safekeeping, and reporting. Our expertise extends to policies, procedures, internal operational controls, regulatory guidelines, and industry-standard practices required by global custodians to ensure the control and safekeeping of customer assets, thereby mitigating custody risk and potential asset losses. Our experts provided expert reports and testimony on matters involving alleged failure by the custodian to perform its duties and responsibilities in accordance with both the contractual and transaction governing documents, as well as with best market practices and regulation.
Indenture Trustee Services
SEDA Experts professionals have worked on numerous disputes involving indenture trustee duties and responsibilities, as well as other fiduciary duty claims. Indenture trustees play a critical role in various complex structured credit transactions such as CDOs, CLOs, RMBSs, and CMBSs among other. Our experts' industry experience in roles such as indenture trustee and other related fiduciary positions allows us to offer invaluable expertise acquired throughout our careers as industry professionals. This includes assessing roles and responsibilities of an indenture trustee and the transaction’s compliance with the respective governing documents.
Collateral Administration and Fund Administration Services
Our team possesses extensive industry experience in collateral and fund administration, covering a diverse range of assets, including syndicated leveraged loans, corporate bonds, equities, structured credit securities, and derivatives. While serving as fund administrators, we have been responsible for independent Net Asset Value (NAV) calculations, managing complex fee arrangements, overseeing various fund structures (including master and feeder funds), and ensuring ongoing reconciliation and reporting for investors and accounting purposes.
The role of a fund administrator has taken on more scrutiny by regulators, investors and market participants, especially in the wake of several Ponzi schemes and assets misappropriation by managers that were uncovered after the 2008-2009 financial crisis. Fund administrators are expected and perceived to be an independent third party retained by the fund and act as gatekeepers, mitigating the possibility of asset misappropriation and or misrepresentations by the fund manager and other fund related parties.
Our experts have not only worked directly as collateral and fund administrators, but also provided expert reports and testimony on fund related cases.
Mortgage Servicer and Special Servicer
SEDA’s experts have both industry and litigation expert consulting experience in connection with mortgage servicing, more specifically master servicer and special servicer arrangements. These arrangements often take on complex fee structures as well as complex collection processes that give rise to potential liability and consequently litigation and disputes.
Mortgage Insurance Guaranty and Monoline Insurance
Our experts ran various mortgage insurance and guaranty firms and provided monoline insurance services to various structured credit transactions. SEDA´s experts have provided written experts reports and testified to some of these issues.
Mortgage Financing and Mortgage Agencies: Our experts are former Directors and senior officials at the FHFA, where they dealt with the various mortgage financing agencies such as Freddie Mac, Fannies and Gennie Mae throughout some of the most troubled financial markets times. SEDA´s experts bring both industry and regulatory compliance expertise when it comes to the mortgage financing and structured credit funds space, as well as origination and servicing.
RELATED EXPERTS
Peter U. Vinella, Ph.D.
Managing Director, Advisor to the Board
Former
Berkeley Research Group - Managing director
Wilmington Trust Conduit Services, LLC - President and CEO
Expertise
Trading and Investments, Risk Management, Operations, FinTech and Project Management, Quantitative Analysis, Custody, Trust, and Fund Administration, Repo and Securities Lending
Mark J. Buono
Managing Director
Former
Goldman Sachs - Managing Director, Special Asset Group
Freddie Mac - Vice President, Mortgage Trading
Expertise
CMBS, CRE CDOs, and REITs, Commercial Real Estate Lending, CRE Portfolio Management, CRE Portfolio Risk Management
Howard Yaruss
Managing Director
Former
Radian Group Inc. - Executive Vice President, General Counsel, Corporate Responsibility Officer
Assured Guaranty, Ltd. - Vice President, Assistant General Counsel
Expertise
Mortgage Insurance, Financial Guaranty and Bond Insurance, Credit Enhancement for Mortgage-Backed Securities, Financial Guaranty and Mortgage Reinsurance, Title Insurance Alternatives, Insurance Regulation
Robert Almanas
Managing Director
Former
State Street - Senior Vice President Global Operations
Harvard Management Company - Managing Director
Expertise
Global Custody, Asset Management Administration, Contract Administration, Local Market Custody, Market Infrastructure
Debbie Bigman, CPA
Managing Director
Former
PricewaterhouseCoopers LLP - Partner, Financial Markets Co-Founder
Expertise
Valuation and Governance of Financial Products, Enterprise Risk Management for Financial Transactions and Products, Financial Reporting for Financial Instruments
Fred Brettschneider
Senior Advisor
Former
LibreMax Capital - President
Deutsche Bank - Head of Global Markets Americas
Head of Institutional Client Group Americas
Head of ABS Trading and Syndicate
Expertise
Securitized Products, Fixed Income Sales and Trading, Debt Underwriting, Valuation / Risk Management, Asset Management
Damiano Colnago
Managing Partner
Former
Wilmington Trust Conduit Services, LLC. - Deputy Head of CDO Risk and Compliance
Expertise
Structured Finance, Collateral Administration, Trustee & Custody Services, Funds operations, Derivatives
Jeanette Jin, Ph.D.
Managing Director
Former
Berkeley Research Group - Managing Director
Wilmington Trust Conduit Services - Chief Operating Officer, SVP
Expertise
Private Equity Investment, Fund Management, Securitization, Derivative Trading and Valuation, Asset Management, Trust services, Collateral administration, Risk Management
Sergio C. Godinho
Managing Partner
Former
Wilmington Trust Conduit Services, LLC. - Head of CDO Risk and Compliance
Expertise
Structured Finance, Collateral Administration, Trustee Services, Custody Services, Syndicated Loans









