Accomplished financial services and banking practitioner builds on longstanding relationship with Mount Street in new advisory role 03.02.22
Mount Street Group (‘Mount Street’), a leading global third-party loan servicing and credit asset management firm, is pleased to announce the appointment of Matthias Wargers to the Supervisory Board of Mount Street Portfolio Advisers GmbH (‘MSPA’), its regulated Portfolio Management and Advisory entity.
Matthias joins two members on the Supervisory Board where the advisory role will see him leveraging his deep industry experience to support Mount Street in further developing its offering, with a focus on credit management and outsourcing for regulated financial institutions as well as for debt funds and asset managers, plus other related services across Europe. With a career spanning over 25 years at the forefront of Germany’s financial services industry, Matthias offers unrivalled insights to a broad range of relevant products and processes that will prove invaluable to MSPA as the business expands and innovates to meet the growing demand for its services.
In his most recent full-time role, Matthias was one of the founding board members and long-time CEO of Erste Abwicklungsanstalt (the ‘EAA’), established in 2009 to wind up the portfolios of former WestLB and which, at its peak, had c. €150 billion in assets under management and products in more than 60 countries, including complex project finance, structured credit, securities and retail mortgage portfolios. Matthias was acting as Chairman of EAA Portfolio Advisors until its acquisition by Mount Street in 2017, and benefits from a longstanding relationship with the MSPA management team. Since 2020, Matthias has served as a member of the Supervisory Board and Chairman of the Risk Committee of Nord/LB, one of Germany’s largest commercial banks. He holds a master’s degree in economics from Friedrich-Alexander University Erlangen/Nuremberg (Germany).
Stephan Plagemann, CFO at Mount Street and Head of MSPA, commented: “Matthias has a preeminent track record gained from operating at the highest levels of the financial services industry and offers a wealth of relevant experience in credit products and the management of large and complex portfolios which will prove invaluable to Mount Street. The German and wider European markets are key to Mount Street’s global growth ambitions and the quality of our local team is pivotal to sustaining our leadership position as the investment community’s outsourced solutions provider of choice.” Matthias Wargers added, “In the nine years since it was established, Mount Street has grown to become an outstanding firm that differentiates itself through its deep and first-hand expertise across key sectors. Having worked alongside the MSPA team in previous roles, I’m looking forward to supporting them again as the positive trend towards efficiency, outsourcing and digitalization within the credit sector continues to gain momentum.”
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About Mount Street
Mount Street is a leading global third-party loan servicing and credit asset management firm with ca 100 billion of assets under management. Mount Street is recognised as a leading real estate loan servicer and among the fastest growing companies in Europe. Leveraging its proprietary technology and a global presence across 10 offices in key financial centres worldwide, Mount Street has built an international team of seasoned banking, real estate, infrastructure, shipping and technology professionals to assist institutional investors in capturing value across the lifecycle of their credit and other investments.