Herbert Smith’s structured finance team has been instructed by Morgan Stanley as arranger on an innovative €455m (£305m) debt package, after being appointed to the investment bank’s roster of advisers earlier this year.
The deal saw Herbert Smith, led by head of structured finance Jake Jackaman, advise Morgan Stanley on a package of debt securities including commercial and residential-backed mortgage securities. The firm won a competitive pitch to land the work. White & Case’s London office advised Morgan Stanley on its previous transaction of this kind in 2003.
