Leonie joined Palladium Impact Capital (formerly Enclude) in May 2011 and has since worked on various capital mobilization and corporate advisory projects. Previously, Leonie spent most of her career with Morgan Stanley, London, first in its investment banking division and then mainly in its securitization group. There she structured and executed large financial asset and whole business securitizations in Italy, Germany and the UK. In 2005 she worked in private equity for one year with Cinven in Frankfurt, before re-joining Morgan Stanley’s securitization team in London on the commercial real estate side. The role involved client coverage of German real estate private equity houses, structuring and execution of loans, securitizations and syndications and assistance in the management of existing loan positions. During her time at Morgan Stanley, Leonie also led the structuring of a microfinance CLO.