Dynamic Credit started in New York as a fixed-income asset management firm, extending our services with an advisory practice in the following years, eventually becoming a full-service asset manager and direct lender headquartered in Amsterdam. Dynamic Credit is organised along product lines: Multi Strategy Asset Management, Direct Lending Netherlands, and LoanClear. Within those product lines, our people tap into their expertise to service both investors and borrowers, and develop the software required to exceed expectations.
Key Functions (like legal, compliance, risk, talent management, finance, IT, office management) make sure the organisation can function and grow in the most optimal way. In 2022, BNP Paribas Asset Management (BNPP AM) became a majority shareholder, which allows Dynamic Credit access to a large and global distribution network. With the backing of a leading asset manager, Dynamic Credit can further build on its skillset in originating and managing loan portfolios, while significantly growing the asset base of BNPP AM.
During the global financial crisis in 2008-2009 Tonko advised the Dutch Central Bank and the Ministry of Finance on the solution for the US mortgage issues ING Bank was facing, giving the Dutch taxpayer a positive return of € 1.4 billion.
Frederik Roeskestraat 97-D
1076 EC Amsterdam
Dynamic Credit is looking for a Business Analyst to help us bring our innovative mortgage distribution platforms to the next level.
We are looking for a risk professional with an eye for detail and a drive to learn to join our international team, in our Key Functions team.
Purchasing power of households is still under pressure due to high inflation, for a large part driven by high energy prices. As a result, consumer confidence is at an all-time low. On the plus side from the consumer perspective, the labor market is very tight with unemployment near a 20-years low. The affordability of home purchases is negatively impacted by the further increases of mortgage rates with 1.5 percentage points during the quarter. As a result, house price growth seems to have levelled-off. In the meantime, spreads have increased to levels between 150 and 214bps mid-July, further enhancing the attractive relative value of investing in Dutch mortgages. In this edition we dive into these and other developments that impact the asset class.