Whitestar won management of new €200M portfolio

Whitestar won management of new €200M portfolio

Whitestar Asset Solutions S.A., which manages credit and real estate portfolios, won the management of an unsecured portfolio, constituted by more than 3.700 loans, 1.300 debtors and more than 300 million euro in debt.

The management of this new portfolio will become effective on the 1st of May. The portfolio integrates the Guincho portfolio, generated by the second public NPL securitisation carried out in Portugal and whose management had been divided by three servicers: Whitestar – Individual Secured; Hipoges - Corporate Secured and Altamira – Unsecured.

João Bugalho, Managing Director – Asset Management for Southern Europe at Arrow Global and Whitestar Asset Solutions’ CEO, commented in a release that «this portfolio was being managed by a rival servicer and, above all, that it was an important sign of the market’s trust on the quality of our services».

He further added that «this news gains even more importance for being a portfolio integrated within a public securitisation with rating».

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