Angelo Gordon hires ex-Pimco covereds, ABS investor

Angelo, Gordon & Co has hired former Pimco portfolio manager Sunil Kothari as managing director, responsible for originating and executing on residential and consumer debt investments across Europe.

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Kothari will be based in London and report to Thomas Durkin, co-head of structured credit at Angelo Gordon.

Kothari most recently held a role as executive vice president and portfolio manager at Pimco Europe where he worked as head of the European ABS and covered bond desks, and led acquisitions of whole loan portfolios for fixed income and alternatives strategies.

“Sunil is a seasoned executive whose extensive knowledge of European mortgage and asset-backed markets will be key as we grow our residential and consumer debt team outside the US,” said Durkin. “As the local regulatory environment evolves and the pace of central bank stimulus subsides, Sunil’s significant industry and originations experience will support and enhance our international operations going forward.”

Kothari began his career in finance as an associate at Performance Trust Capital Partners.

“Angelo Gordon has a skilled residential and consumer debt group, and I look forward to working with [Thomas Durkin] and his entire team,” said Kothari.

Before working in Europe, Kothari served as a vice president on Pimco’s US structured credit team, where he focused on consumer ABS and second-lien non-agency RMBS. In this role, he also served as the lead ABS analyst for Pimco’s mandate as collateral monitor of the term asset-backed securities loan facility programme (TALF), advising the Federal Reserve Bank of New York on new issue consumer ABS.