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LevFin People and Markets

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Ex-Deutsche banker scooped up
Influential banker helped shape European levfin market in 35 year career
Gordon Houseman moves firm four years after becoming partner
Changing one of IB bosses shows what Deutsche values
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  • US private debt manager CIFC Asset Management has hired John DiRocco as chief operating officer, as the firm plans to expand its investment product offerings in the US and overseas.
  • India’s market regulator has asked listed companies to disclose any default on bank loans within one working day from the date of the missed payment, in a move to tackle the country’s bad loan problems.
  • A veteran loan syndications banker at Citi in India is understood to have quit to take up a bigger role in Standard Chartered.
  • Cheyne Capital has hired two veterans of the leveraged finance market to head its newly announced sub-investment grade credit business, as it looks to capitalise on what it perceives as increasing dislocations in the market.
  • Gates Global delisted its 5.75% 2022 bonds from the Luxembourg Stock Exchange this month, and relisted them immediately on the former Channel Islands Stock Exchange, now rebranded The International Stock Exchange (TISE). The move was likely a response to Europe’s Market Abuse Regulation, which has driven some high yield issuers to the non-EU exchange.
  • A senior Hong Kong-based leveraged finance banker has left Bank of America Merrill Lynch, according to two sources.