Alberto Zoncahas an extensive experience in global structured finance. Demonstrated success for more than twenty years, with significant proficiency in a broad array of asset classes, consumer and commercial, including non-performing loans. Skilled at training junior team members. Fluent in multiple languages. Areas of expertise include credit management and analysis, performance monitoring, work-out cases, relationship management, deal Restructuring and non-profit leadership.
Mr. Zonca’s career began in 1982 after graduating as the top student from the “Centro Professionale Commerciale” in Chiasso, Switzerland.He joined CreditSuisse at the local Swiss branch and completed an internal training period in various areas of the bank. Then, as a currency trader in the foreign exchange department, he was specialized in Italian Lira (replaced by the Euro in 2002¹) and monitored foreign currencies' positions.
Mr. Zonca started his international career in 1985 when he went to Germany for an intense language course and a 6 months working experience at a local German bank.He was then transferred to Credit Suisse’s head office in Zurich, Switzerland.There, he joined the credit department in the International Division, primarily dealing with the bank’s clients in Italy, Belgium, Netherlands, Spain and Portugal.His main responsibilities included assigning and monitoring credit exposures with financial institutions located in this region.
In 1988, following an intense language course in England, Mr. Zonca joined the North American Division at Credit Suisse in Zurich.There, he managed the credit approval process for credit facilities originated by the offices located in the U.S.A. and Canada.The process included reviewing the applications, managing the credit exposures and reporting to the Executive Board of the bank.He worked on the first Asset Backed Securitizations (mainly credit enhancement commitments)² originated by the New York office and was instrumental in educating the Executive Board about this new product.
In 1991, Mr. Zonca continued his career in global finance when he transferred to New York to attend the Credit Suisse International Bankers School.This was an intensive 9-month full time program taught by professors of the Columbia and the New York University Business Schools.After completing the Corporate Finance and Capital Markets program, he joined the New York office of Credit Suisse in the Financial Engineering department (later renamed Conduit and Credit Products).
Mr. Zonca’s main responsibilities in New York included originating and managing credit enhancement commitments, mostly related to consumer assets. These were loans financing Cash Collateral Accounts² and Collateral Invested Amounts².He worked with all major credit card issuers, some of them no longer in existence today. They include Citibank- JP Morgan Chase- First USA (acquired by JP Morgan Chase in 2004)- Providian National Bank (acquired by Washington Mutual in 2005 and then by JP Morgan Chase in 2008)- Bank of America- MBNA (acquired by Bank of America in 2006)- Fleet Bank (merged with Bank of America in 2004)- Capital One- HSBC (f/k/a Household)- Metris Companies, Inc. (acquired by HSBC in 2005)- Orchard Bank (acquired by HSBC in 2005)- Discover Financial Services- The Bank of New York Mellon- Comenity Bank (f/k/a World Financial Network National Bank)- Provident Bank- Macy’s Inc. (f/k/a Federated Department Stores)- Stage Stores, Inc.- CNO Financial Group (f/k/a Conseco, Inc.)- NextCard (entered receivership in 2002)- Circuit City (liquidated in 2009) - Spiegel Brands, Inc.
In 1995 Credit Suisse established its first Asset-Back Commercial Paper (“ABCP”) Conduit³: Alpine Securitization. Following the merger with CS First Boston in 1996, the Conduit and Credit Products team was combined with the Asset Finance team of CS First Boston creating one of the strongest players in the securitization industry.
The ABCP Conduit enabled Credit Suisse to expand the securitization products beyond credit enhancement and Mr. Zonca originated and managed various types of asset-backed transactions funded with ABCP. In addition to credit card receivables, he worked on other assets classes including consumer loans, home equity loans, manufactured housing loans, auto loans, time share receivables, trade receivables, insurance premium receivables and Mexican residential mortgages.
Since then Mr. Zonca has worked on many deals, including securitizations related to portfolio acquisitions, the first credit card public securitization of GECC and the first Pesos denominated Mexican securitization of residential mortgages.
Mr. Zonca left Credit Suisse at the end of 2006 to pursue other interests. He remained involved with the securitization industry, attending conferences and presentations and maintaining contacts with prior clients and partners. In 2010, he submitted comments about proposed rules to FDIC and SEC. Since 2001, he has become more active within the Swiss community in the New York area through his involvement with the Swiss Benevolent Society of New York (SBS). He has been a member of the Board of Directors of the SBS since 2001, taking the role of Vice President in 2008, President in April 2009 - April 2014 and Treasurer thereafter.
In 2010, Mr. Zonca joined WestLB in New York as Director, Portfolio Risk Management Securitization. Mr. Zonca has expanding his knowledge, managing a portfolio of structured transactions secured by various asset classes, including auto loans, residential and commercial real estate. His responsibilities have included writing the credit analysis, managing the credit approval process, reviewing legal documentation and various duties associated with portfolio management. Deals under supervision are secured by distressed real estate, residential and commercial. In 2012, WestLB was restructured resulting in a new legal entity: Portigon AG. In 2014, the securitization team was transferred to the newly formed EAA Portfolio Advisers. This entity is responsible for winding down risk positions of the former WestLB. Mr. Zonca left this company in 2016, as most of its activities were transferred to London. EAA Portfolio Advisers was acquired by Mount Street in 2017 and renamed Mount Street Portfolio Advisers.
In 2017, Mr. Zonca joined China Merchants Bank ("CMB") as credit risk manager, with the primary responsibility of the structured finance business. CMB is a relatively new player in the structured finance market and Mr. Zonca has contributed his experience in executing transactions financing aircraft, CLOs and real estate assets.