Following to that, Ellington Solutions team started developing the business for Clayton in Southern Europe, designed new customized services, set up the team and infrastructure to support the projects with local resources and focused on delivering outstanding results and added value. This was a greenfield project as Clayton was not previously known to this market while till that time there was limited demand for Clayton core services. Identifying the market needs, Ellington Solutions team expanded Clayton offer to incorporate new services and industries. In this context, additional services were developed, new clients inside and outside the financial services industry were reached, while our operations were expanded fast to neighboring countries.

Various new projects are mandated from Greek systemic, non-systemic & cooperative Banks, leading to the strengthening of company’s market position. Expansion in the broader European countries is achieved, with new clients served coming from Italy, Spain, Cyprus, Bulgaria, Slovenia, Ireland, Abu-Dhabi, and other countries.

Establishes and operates one of the first fully licensed NPL Servicers in Greece covering asset and loan servicing for captive, intra-group, and third-party clients, as well as servicing and business process outsourcing. Undertakes the management of over €1.3 billion NPL transaction, while continuously expanding the offered pallet of services.

Led the negotiations, deep dive due diligence, and execution of the restructuring of the non-performing loan securitization ensuring the successful completion of this critical transaction.