Loan Ranger: Should I stay or should I go?
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Loan Ranger: Should I stay or should I go?

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The loan market has undergone a changing of the guard with the departure of several loan market stalwarts — and loan market bodies the LMA and LMSF have some changes to boot.

Société Générale’s Damien Lamoril resigned from serving as a senior board member of the Loan Market Association following his move from EMEA loans head to deputy head of risk at SG CIB.

Lamoril has been a key figure in the loan market. As chair of the Loan Syndicate Manager’s Forum, Lamoril hosted the annual charity Christmas carol concert with the colourful Reverend Parrot, who led the carol service in December wearing a sweatband on his head.

Laurent Vignon, another SocGen veteran, will take over from Lamoril as head of EMEA loan syndicate as well as senior board member at the Loan Market Association.

Lamoril also ended his tenure as chair of the LSMF at the end of 2015. UniCredit’s Mathias Noack took over and will hold the position for the two year term.

But the LMA will keep its chairman Roland Boehm, a staunch advocate for the LMA and the loan market who has brought officials together each year for the Commerzbank loans day. Boehm has moved from head of Commerzbank debt capital market loans to run Commerzbank's Mittelstandsbank International.

The Ranger’s favourite quote from the exuberant Boehm, when asked what was ahead for private debt and the loan market, was “going strong, and better times ahead”.

Lloyds' loans business has also lost Simon Allocca, who was head of loan markets at the bank and has moved to become global head of industrials and manufacturing at Lloyds. Allocca was not a board member of the LMA when he left his job in loans.

It is always sad to see such big figures leave an industry — and especially all in one go. But they leave the loan market in good shape and their successors, though having big shoes to fill, will no doubt add their own ideas and vigour. 

A fond "kemo sabe" from the Ranger to both the old and new, wishing the loan market happy times ahead.

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