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Influential banker helped shape European levfin market in 35 year career
Gordon Houseman moves firm four years after becoming partner
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Christopher Mallon has joined Lazard’s financial advisory team as a senior adviser concentrating on global restructuring, at a time when that line of business is likely to become very busy. -
Insolvency and restructuring practitioners have been catapulted into an unprecedented whirlwind of activity by the coronavirus, as even healthy companies suddenly find themselves staring over a financial precipice. In the UK, the government will change insolvency rules to ease these situations, but specialists believe there is more to be gained by using existing laws better.
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US insurer Global Atlantic Financial Group has hired Donald Bobbs as head of credit.
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Former GSO Capital Partners managing director Richard “Dik” Blewitt has joined Kennedy Lewis Investment Management as partner and head of tactical opportunities.
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JP Morgan has taken an $820m writedown on its book of bridge loans, nearly halving its investment banking revenues for the first quarter. However, the bank is not hurrying to exit these positions. Chief executive Jamie Dimon said “a couple” of its bridges could be syndicated this quarter if conditions are supportive.
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Sanlam Investments has been appointed to manage three Tideway Investment Partners funds, and four credit specialists have moved over from Tideway to Sanlam.
