About the Author

Patrick Tadie

Group Vice President

Patrick specializes in Structured Finance strategies, products, and sales for the Global Capital Markets group.

Prior to joining Wilmington Trust, Patrick was Global Head of Product, Strategy and Chief Credit Officer for the Corporate Trust group at BNY Mellon, where he held various positions including Executive Vice President and Business Executive for the Broker/Dealers and Alternative Investments groups; Executive Vice President and Global Business Head for Derivatives; and Executive Vice President of Structured Products for Corporate Trust. Earlier in his career, Patrick was also a Portfolio Manager at Freddie Mac; headed up Mortgage Finance at First Union; and was Business Head of Securitizations at Prudential Home Mortgage.

By the Author

A Future without LIBOR?

Patrick Tadie |
Corporate & Institutional

As 2021 fast approaches, the burning question of what indices will replace LIBOR (London Interbank Offered Rate) comes to the forefront. LIBOR scandals have caused the creation of alternative indices options. The impact to the Asset-Backed Securities (ABS) market could be significant as there are billions of dollars of residential mortgage loans in the U.S. that are tied to LIBOR.