Stefano Cappelli
Fitch Ratings – a branch of Fitch Ratings Ireland Limited
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Jan-Peter Hülbert has been Managing Director of True Sale International GmbH since July 2018. He brings over 20 years of experience in the banking and capital markets business, including 16 years in securitisation on the banking side. Jan-Peter has been responsible for client transactions for banks, corporates and leasing companies in the public ABS, private securitisation and ABCP segments. He holds a degree in business administration from LMU Munich and is a member of the Supervisory Board of STS Verification International GmbH and of the Supervisory Board of European DataWarehouse GmbH. As part of TSIs advocacy activities, he has closely monitored the revision of the European securitisation framework through dialogue with the Commission, the Council and the Parliament.
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Michael Osswald is the Managing Director of STS Verification International GmbH (“SVI”), a third party verifier performing verifications of ABCP, term ABS and synthetic securitisations for compliance with the “Simple, Transparent, Standardised” (STS) criteria under the European securitisation regulation. He joined SVI in February 2019 and oversees all verification and related corporate activities of SVI across Europe. Michael has extensive securitisation experience both as investor and in the origination and structuring of term ABS, ABCP and synthetic transactions, which he gained from 1998 at Landesbank Baden-Württemberg in Stuttgart and London and subsequently at ABN AMRO Bank in Frankfurt as part of the European ABS team. In 2009, he moved to the transportation finance division of KfW IPEX-Bank and was, prior to joining SVI, Senior Credit Officer at Erste Abwicklungsanstalt in Düsseldorf, where he was responsible for the asset securitisation, infrastructure, aviation and shipping sub-portfolios. Michael holds a degree in business administration from Julius Maximilian University of Würzburg.
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Karoline Reiser
Team Leader Funding Operations, Fundingauxmoney GmbH
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Sergej Seiz is Vice President of Asset Securitisation at ING Germany, specializing in auto, consumer, and leasing ABS. He is also actively involved in a working group focused on digital infrastructure securitisation, including Data Center ABS. Sergej joined ING Germany in July 2021 as a Securitisation Manager within the Group Treasury department, where he was responsible for developing ING’s retained ABS/RMBS programme. In 2024, he transitioned to the Asset Securitisation team. Prior to ING, Sergej worked at Moody’s until June 2021, primarily covering new ratings for EMEA ABS/RMBS transactions, later expanding his scope to include CLO and ABCP deals. He holds a Master’s degree in Financial Economics from Maastricht University and is a CFA charterholder.
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William joined STS Verification International GmbH as Associate Director in November 2025.
Prior to this, he spent four years at Morningstar DBRS, where he advanced to Assistant Vice President in the European Structured Finance team. At Morningstar DBRS, William was the lead surveillance analyst for a portfolio of European structured finance transactions. His responsibilities included credit analysis, transaction amendments and performance monitoring. He also contributed to rating assignments, servicers operational reviews, and the development of analytical tools and publications.
Earlier in his career, William worked at Centotrenta Servicing S.p.A. in Milan, where he coordinated the issuance of new securitisations and managed live transactions across various asset classes. His role involved close collaboration with arrangers, originators, and other transaction parties to ensure smooth execution and ongoing performance monitoring. He also supported transaction structuring and contributed to the operational setup of new deals.
William is fluent in Italian and English. He holds a Master’s degree in Economics and Finance from Università degli Studi di Milano and is currently pursuing an Executive MBA at POLIMI Graduate School of Management.
Prior to this, he spent four years at Morningstar DBRS, where he advanced to Assistant Vice President in the European Structured Finance team. At Morningstar DBRS, William was the lead surveillance analyst for a portfolio of European structured finance transactions. His responsibilities included credit analysis, transaction amendments and performance monitoring. He also contributed to rating assignments, servicers operational reviews, and the development of analytical tools and publications.
Earlier in his career, William worked at Centotrenta Servicing S.p.A. in Milan, where he coordinated the issuance of new securitisations and managed live transactions across various asset classes. His role involved close collaboration with arrangers, originators, and other transaction parties to ensure smooth execution and ongoing performance monitoring. He also supported transaction structuring and contributed to the operational setup of new deals.
William is fluent in Italian and English. He holds a Master’s degree in Economics and Finance from Università degli Studi di Milano and is currently pursuing an Executive MBA at POLIMI Graduate School of Management.
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Moritz von Egidy
AssociateLinklaters LLP
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