Sandler O’Neill + Partners, a US-based investment banking firm, has created structured finance group, to assist financial institutions with term funding and liquidity solutions.

The firm has appointed Carlos Mendez to lead its newly created structured finance group. He will be responsible for arranging new term funding and alternative capital solutions and will advise clients on current recapitalization requirements. He will also assist in further expanding the firm’s fixed income sales and trading business.

Mr Mendez was most recently senior managing director in the capital markets division of Institutional Credit Partners. Prior to Institutional Credit Partners, he was a director in the structured finance group at Guggenheim Capital Markets.

In addition to Mr Mendez, Joshua Eaton, Andrew Mauritzen and Chris Howley have joined Sandler O’Neill as managing directors and will serve as the initial members of the structured finance group.

Jon Doyle, managing principal and head of fixed income group at Sandler O’Neill’s, said: “We are pleased to welcome Carlos to Sandler O’Neill and believe he is ideally suited to lead our newly created Structured Finance Group. His deep understanding of fixed income securities, combined with his significant advisory experience, will add tremendous value to our clients, particularly those with term funding and liquidity needs at a time of unprecedented change.”