Cameron Saylor is a partner in the Structured Credit practice at Paul Hastings and is based in the firm’s London office. Mr. Saylor specializes in structured finance, securitization, asset backed lending and credit funds, with a focus on CLOs. Mr. Saylor advises the leading arrangers and managers on European CLO transactions, having recently advised clients such as Credit Suisse, Blackrock, Morgan Stanley, Goldman Sachs, Pinebridge, Societe Generale, Oak Hill Advisors, Och Ziff, ICG, Alcentra, Bank of America, PGIM, Deutsche Bank, JP Morgan, Citi, Barclays, Natixis, BNPP, Nomura, and Rothschild. Mr. Saylor is an expert regarding European and U.S. risk retention, having advised on complex and novel compliance issues relevant to both U.S. and European CLO and other securitization transactions. He has spoken at various industry conferences and is regularly quoted in the industry press on matters concerning risk retention, Brexit, and other regulatory matters. Prior to joining Paul Hastings, Mr. Saylor spent close to 10 years in the structured finance practice at other leading U.K. firms. He trained and worked as a lawyer in Canada prior to moving to London.
Paul Hastings LLP
Paul Hastings LLP has 'very deep mortgage industry knowledge', giving it a strong platform for work on CMBS and RMBS transactions, though it is also a key player in CLO and NPL transactions. Miles Flynn, CLO specialist Cameron Saylor and Paul Severs (who 'loves to solve commercial problems and is very good and coming up with pragmatic solutions that work for everyone') lead the practice. Saylor acted for Credit Suisse in the issuance of €400m of notes by Harvest CLO XXIX DAC, in the first Euro transaction in the market where a large Japanese bank acted as the sole AAA investor. Newly promoted structured credit partner James Baillie has a particular focus on CLOs, on which he advises issuers, originators, investment managers, lenders, and arrangers. He and Saylor are 'great partners to work with always available'. Up-and-coming partner Victoria Morton, who has 'deep technical knowledge', worked with Severs to advise on the separation of Kensington Mortgage Company from group companies KHL and Kayl within the framework of 12 existing public securitisations and 3 private securitisations. Restructuring expert Mei Lian also has a key role in the practice.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- 'A very good and solid CLO team.'
- 'Cameron Saylor and James Baillie are great partners to work with always available.'
- 'The practice operates a bespoke model where clients have the benefit of dedicated associate/partner cover. This allows for the development of deep relationships with their clients The team also has very deep mortgage industry knowledge and specific experience dealing with us over a period of decades cumulatively.'
- 'Paul Severs has a wealth of experience advising specialist mortgage lenders specifically. He is also the type of person that loves to solve commercial problems and is very good and coming up with pragmatic solutions that work for everyone. He can also be very aggressive when pursuing his clients interests.'
- 'Victoria Morton - our go-to member of the team. She has supported our transactions throughout her career and now engages us as the partner on most of our deals. She was instrumental in the recent sale of our business and has delivered many of our securitisations effectively. She also has deep technical knowledge.'
Key clients
- Kensington Mortgage Company Limited
- Kayl Sarl
- The Mortgage Lender
- Deutsche Bank
- Fairfield
- Mount Street
- Oplo Group and Tandem Bank
- LiveMore Capital Limited
- Balbec Capital LP
- ING Bank
- DRC Capital
- Fairhold Finance
- OakNorth
- Together Group
- Piraeus Bank S.A.
- doValue S.p.A.
Work highlights
- Advised on the proposed sale of Kensington Mortgage Company to Barclays Bank UK PLC and the separation of this entity legally and commercially from group companies Kayl and KHL that were the retention holders for £8 billion of securitised assets. Advised on the separation of Kensington from KHL and Kayl within the framework of 12 existing public securitisations and t3 private securitisations.
- Advised Together Money on their largest ever first charge only owner-occupied and buy-to-let residential mortgage-backed securitisation, Together Asset Backed Securitisation 2022-1ST1 Plc.
- Advised Credit Suisse on the issuance by Harvest CLO XXIX DAC of c. €400m of notes backed by corporate debt.
Lawyers
Leading individuals
Paul Severs is a partner in the Finance and Securities and Capital Markets practices at Paul Hastings and is based in the firm’s London office. Mr. Severs has been involved in the European securities market since the early 1990’s. He has more than 25 years’ experience in the structured finance and securitisation markets. Most recently, Mr. Severs has been involved in advising funds establishing, acquiring and growing non-bank loan origination businesses and servicing platforms and acquiring associated loan portfolios. He advises on acquisition finance, growth capital, regulatory capital and compliance requirements. He also advises on asset acquisition and financing structures, warehouse financing and the securitisation and trading of loan assets. Mr. Severs has significant experience advising clients on JV and co‑investment structures and establishing new debt origination funds. He works closely with the Paul Hastings funds group. He has also been actively involved in advising clients purchasing assets, loans and companies from securitisation structures, related tender offers and exchange offers, voting rights in different parts of the capital structure and downgrade related issues. He advises noteholder steering committees and sponsors in the context of restructuring loans and capital markets financing transactions. Mr. Severs has experience in all the main financial asset classes including residential and commercial mortgages, consumer loans, and revolving credits. He has also advised extensively on whole business securitisations including infrastructure and utilities, leisure facilities, and nursing homes. Mr. Severs advises funds, arrangers, originators, trustees, rating agencies, swap counter parties, and entrepreneurs. Geographically, he has worked on transactions throughout Europe, Asia, and Japan. Prior to joining Paul Hastings, Mr. Severs was the head of Structured Debt and Capital Markets at another international law firm.
Next Generation Partners
Victoria Morton is a partner in the London office of Paul Hastings. Ms. Morton advises clients such as sponsors, issuers, servicers and rating agencies on a range of finance transactions, including RMBS and large loan portfolio acquisitions. Prior to joining Paul Hastings, Ms. Morton worked at another international firm, during which time she spent six months seconded in Singapore.
Practice head
The lawyer(s) leading their teams.
Miles Flynn, Cameron Saylor, Paul Severs