Dr Volker Laeger is a Director with S&P Global Ratings in the European Structured Finance Group, based in Frankfurt (Germany), and Sector Lead for EMEA ABS. Since joining Standard & Poor’s in January 2006, he is focusing on securitiza-tions of predominantly consumer assets and has been involved in various true sale and synthetic transactions like Auto and Consumer ABS, RMBS, SME CLO, CDO and ABCP transactions. He recently took the role of Sector Lead for EMEA ABS. Prior to joining S&P Global Ratings, Volker had worked four years as sales per¬son in the fixed income department of Merrill Lynch, Frankfurt. Volker holds a PhD in Finance and a degree in Business Administration from the University of Bamberg.