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Executive has worked for the bank since 1998
Bank’s quest to regain its former status in Europe is making headway, after heavy investments
Hire follows senior bankers quitting
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Changes to the Volcker rule allowing US CLOs to hold bonds as well as loans ought to survive the shift to a new administration, but market participants will be counting the days and hoping the changes, enacted at the beginning of October, aren’t caught up in a Congressional review.
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Institutional investors are on the verge of a huge opportunity in private debt, as assets migrate out of the banking system, according to Thierry Adant, who joined Newmarket Capital this week as its chief investment officer.
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PGIM has hired Steve Logan as a senior portfolio manager in its European leveraged finance operations.
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US direct lender Owl Rock has hired its first employee in London, as it seeks to develop its business in Europe. -
Law firm Alston & Bird has hired a three person CLO team from Cadwalader, Wickersham & Taft.
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MUFG is overhauling personnel and its business model to try to escape a cycle of low returns, writes David Rothnie.
