Howard Altarescu serves as Co-Head of Orrick’s global Finance Business Unit, which includes its Banking and Debt Capital Markets, Public Finance, Real Estate, Restructuring and Structured Finance practice groups. Mr. Altarescu is a partner in the New York office and is also head of the firm's Financial Institutions Industry Group, a multi-practice global group of partners who have client relationship responsibilities for financial institutions around the world.
Mr. Altarescu advises a number of financial institutions and government agencies with regard to the implications of financial markets regulation as well as in connection with complex capital markets, debt financing and other transactions. He is also working closely with Orrick’s Renewable Energy partners to develop securitization financing alternatives for solar power companies.
Before joining Orrick, Mr. Altarescu was at Goldman, Sachs & Co. for more than 20 years. During that time, Mr. Altarescu served as head of the mortgage finance group and co-head of mortgage and asset backed finance; was responsible for structured finance in the emerging markets, with a focus on Latin America; served as chief operating officer for Goldman's mortgage principal finance business; and most recently was responsible for capital markets coverage of some of Goldman's key mortgage industry clients.
Before joining Goldman Sachs, Mr. Altarescu helped build and lead the mortgage and asset-backed securitization practice as a partner at Cadwalader, Wickersham & Taft LLP, where he represented investment banks involved in the securitization business, as well as Freddie Mac and others.
Mr. Altarescu has been involved in many of the seminal transactions in the structured finance markets over the years, including the first CMO transaction, for Freddie Mac; the first IO/ PO transactions, for Fannie Mae; several of the first senior/sub mortgage and credit card receivable securitizations; the first public auto receivable securitization; the first commercial mortgage non-performing securitization; and several innovative future flow and World Bank guaranteed transactions in the emerging markets.