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Stuart  Axford

Stuart Axford

Partner
Finance Department
Co-Head, Capital Markets Practice

London
T: +44(0)20 7105 0523
F: +44 (0)20 7105 0505


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Legal Services

Education

  • College of Law, Chancery Lane
    Solicitors’ Final Examinations
  • University of Cambridge
    1990

Bar Admission(s)

  • Solicitor of the Senior Courts of England and Wales

Stuart is a partner in the Finance Department in Kaye Scholer’s London office. His practice focuses on large and highly complex transactions in the area of securitization and structured credits. He also has experience in refinancing and restructuring schemes.

Stuart advises a number of leading investment banks, funds and investors. He spent five years practicing in Frankfurt, during which time he advised a number of German banks on the structuring and establishment of their ABCP programs. During the credit crisis he advised central banks in relation to the establishment and utilization of their special liquidity schemes, designed to allow financial institutions to improve their liquidity by exchanging illiquid mortgage-backed and other securities for more easily tradable assets. He also advised on the restructuring of a number of SIVs and arbitrage ABCP conduit programs and in relation to a large number of “jumbo” structured repo transactions under which banks in need of liquidity repo’d their assets to banks which were more liquid.

He has advised on securitizations across a wide range of asset classes, including RMBS, CMBS, auto loans, trade receivables and supply chain finance, whole business securitizations and CLOs. He also has wide experience in the area of structured credits and derivatives such as credit default swaps and repos.

Most recently, Stuart has been active in the CMBS market, especially in relation to distressed situations and refinancings. He advised the issuer in relation to the 2013 £263 million CMBS issuance, which refinanced the Toys ‘R’ Us UK commercial property portfolio, the first non-prime European commercial real estate securitization transaction since the 2008 financial crisis.

Stuart has been recognized by numerous publications, including Chambers UK (2009-2016), Chambers Global (2009-2016) and Legal 500 UK (2002-2015) for his work in securitization, Best Lawyers in the UK (2015-2017) and Who’s Who Legal 2013 for capital markets work in London, and in the Expert Guides’ Banking, Financial and Transactional Law 2013 guide for Structured Finance and Securitization. According to sources in Chambers Global 2016, Stuart “is very bright and talented at finding straightforward solutions” and “he can put ideas together and has the ability to cross over into different disciplines.” In the 2015 edition of Chambers Global, one client describes him as a “technically-able, very client-friendly” lawyer who “takes a very commercial approach.”

Prior to joining Kaye Scholer, Stuart was a Partner at Freshfields Bruckhaus Deringer LLP in both its London and Frankfurt offices.

Stuart received his BA from Trinity College, Cambridge and his law qualifications from the College of Law, London. He is admitted as a solicitor in England and Wales and is fluent in German.

Representative Matters

  • The Mortgage Lender on its £250 million warehouse financing for the establishment of their new mortgage lending platform.
  • Capita on its role in relation to the London Wall securitization framework, the investment vehicle for funding mortgages originated by Fleet mortgages, a new UK mortgage lending business.
  • Debussy DTC PLC as Issuer in relation to the 2013 £263 million CMBS issuance, which refinanced the Toys ‘R’ Us UK commercial property portfolio, the first non-prime European commercial real estate securitization transaction since the 2008 financial crisis.
  • A number of financial institutions on their participation on supply chain finance securitizations through the prime revenue programme.

Information

Kaye Scholer LLP - London Office Terms of Business