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8 May 2019
Sayed joined Creditflux in 2010, covering the emergence of the global 2.0 CLO market from its inception. Since January 2017 he has served as the editor, responsible for its online news and print publications, which cover CLOs, structured credit and direct lending news and analysis.
Mr. Baker is a member of the Primary CLO business at JP Morgan, focused on CLO Origination for Europe. Before joining JP Morgan, Mr. Baker was with the Structured Credit Group at Apollo in London, investing in CLOs and capital relief/SRT transactions and was involved in the issuance of Apollo’s managed CLOs. Mr. Baker has been a banking structured credit professional for more than 20 years; his prior positions included a Technical Specialist position at the UK FSA and Head of Structured Finance Solutions for EMEA and Americas for Standard Chartered Bank. In addition, Mr. Baker was in New York for over 12 years where he co-managed Lehman Brothers' CLO Banking Group as well as held various positions with Natixis and CIBC in CLO banking and structured finance. Mr. Baker holds a BASc with First Class Honours in Computer Engineering from the University of Waterloo, an MBA from the Ivey Business School at Western University, and is a CFA charter holder.
Kevin Kendra is a managing director in Fitch Ratings’ New York office. He currently manages the US structured credit group responsible for CLOs and other structured credit ratings. The structured credit team is charged with assigning new issue CLO ratings, maintaining the accuracy of existing ratings, providing useful tools to investors and publishing research on transaction characteristics and performance. Prior to this post he served as group credit ffficer for US and Latin America Structured Finance. In this role he maintained and further enhanced the quality of credit analysis within the structured finance and covered bonds teams, particularly with respect to criteria used for rating analysis and raising awareness of developing trends. Previously to that he held various positions within Fitch’s Structured Credit and commercial mortgage-backed securities (CMBS) groups. He managed Fitch’s structured credit team through the most recent financial crisis. Prior to that, he was responsible for CDO surveillance within the structured credit group. He was responsible for rating CMBS transactions in Fitch’s U.S. CMBS group before joining the CDO group in 2002.
Charles Hand is a Managing Director in the Global Structured Credit and Credit Asset Financing group at Bank of America Merrill Lynch.
Based in London, he is responsible for the origination and structuring of European CLOs as well as sourcing loan financing opportunities for the firm.
Charles has 18 years of experience in structured credit. He joined the firm in February 2005. Prior to this, he spent over three years at Fitch Ratings where he was responsible for rating structured credit products, having originally started his career at JP Morgan.
Christopher Desmond has experience in a broad range of structured and leveraged finance transaction types, and primarily focuses on representing asset managers, sponsors and issuers in collateralized loan obligation ("CLO") transactions, as well as managers and borrowers in a variety of fund financing structures, including subscription credit facilities and asset-backed leveraged loan warehouses. He has represented issuers, originators, agent banks and underwriters in connection with asset-backed and residential mortgage securitizations and commercial paper conduits, as well as lenders and borrowers in cash-flow and asset-based loan facilities. He has also represented counterparties to numerous derivative transactions, including credit, currency and commodity derivatives.
Prior to joining Dechert, Mr. Desmond worked as an associate in the finance and restructuring department of an international law firm.
Mr. Desmond received a B.A. and a M.A. from Stanford University, and a J.D from New York University.
Daniel Tobias is a partner in the Capital Markets Group in Cadwalader’s London office. He focuses on securitisation, with a focus on CLOs. Daniel has represented arrangers, collateral managers and warehouse finance providers in connection with a variety of European CLO 2.0 transactions and loan warehouse facilities. Daniel has been working on CLO transactions since the resurgence of the European CLO market several years ago. He has advised on numerous CLOs, including those with complex originator retention structures.
Florent Chagnard is a Director at Credit Suisse, responsible for syndication and origination in the CLO New Issue & Corporate Asset Finance team. Prior to joining Credit Suisse in 2010, Florent worked in CLO structuring & Structured Portfolio Trading at Bank of America-Merrill Lynch. Florent has a MS in Financial Mathematics from the University of Chicago and a MS in Applied Mathematics, Statistics, and Econometrics from ENSAE ParisTech.
Ms. Jones joined Oaktree’s London office in 2003 and serves as portfolio manager for the European High Yield Bond and European Senior Loan strategies, and co-portfolio manager for the Global High Yield Bond strategy. Before joining Oaktree, Ms. Jones spent more than three years at Deutsche Bank AG in London as a senior associate in the Leveraged Debt Origination Group specializing in loan, mezzanine and high yield bond financings to support European leveraged buyouts. Prior thereto, she spent two years in the Acquisition Finance Group at Natwest Group plc. Ms. Jones received a B.A. degree in economics from the University of Durham, England. She is a CFA charterholder.
Cameron Mitcham, a partner in Dechert’s Global Finance Practice, advises on a broad range of financial and capital markets transactions with a focus on structured finance, funds finance and securitisation. He represents investment banks, hedge funds, private equity firms, investors and other financial institutions in connection with a diverse range of asset classes (including trade receivables, credit cards, insurance, auto, student loans, leases and residential and commercial mortgage loans), incorporating a wide range of structures (including CLO/CDOs, ABCP conduits, RMBS, CMBS, covered bonds and whole business securitisations). Mr. Mitcham also advises on the restructuring of complex financial transactions.
Prior to joining Dechert, Mr. Mitcham was in the securitisation and the derivatives and structured finance practices at another global law firm.
Mr. Mitcham has a Bachelor of Commerce degree and a LL.B from the University of Queensland,
Dushy Puvan joined BNP Paribas in May 2014 and is a CLO specialist with over 15 years’ experience of structured finance across asset classes. He has a focus on SME, corporate loan and leveraged loan assets, arranging cash and synthetic structures for banks and FIs. He was part of the first wave of CLO 2.0s in Europe. Dushy worked previously for Lloyds Bank (formerly Lloyds TSB) executing a range of balance sheet management solutions transactions for both regulatory capital relief and funding. Dushy holds a PhD in Theoretical Chemistry from the University of Cambridge.
Chris is Head of Loan, Recovery and CLO Business Development for EMEA at S&P Global Ratings, looking after ratings throughout the region, for corporate and leverage loans plus CLOs. He is also responsible for the coverage of Private Equity houses.
Prior to S&P Global Ratings he spend over 20 years in the syndicated loan market, working across many of its’ different asset classes. His career started in NatWest on the project group that subsequently transformed into Europe’s first dedicated secondary loan sales team. His next role was on the primary sales desk, distributing corporate, structured and financial institution loans to European investors. After primary sales, Chris was posted to Hong Kong, where he was responsible for the pricing, structuring and origination of syndicated debt in South and South East Asia. The main focus of this role was to bring debut issuers from Thailand and India to the international loan market.
On his return to Europe he became the Head of European Loan Trading for NatWest, taking the team through the integration with The Royal Bank of Scotland, transforming the desk from a back-to-back operation into a full trading book, working mainly in the leverage and corporate markets. At the same time he joined the Board of the LMA, a post he was to hold for ten years. During his time on the Board he co-chaired the Valuation & Trading Practices Committee and chaired a number of working parties, as well as writing the first set of Transferability Guidelines for the LMA. He also held the post of Vice-Chairman of the LMA for two years.
After RBS, Chris moved to Bank of Scotland, where he created and headed the Loan Sales and Trading Team.
Sharif is our Portfolio Manager in charge of Structured Credit at Kartesia. When Joining Kartesia in 2018, Sharif had 18 years of experience in capital markets (he has focused on Structured Credit for the last 16 of those years). Prior to Kartesia, Sharif was the Managing Director heading the EUR CLO/CDO Trading desk at Jefferies, an independent full-service global investment banking firm. Prior to Jefferies, Sharif headed the Global CLO trading desks at Cohen & Co in 2009 and UBS from 2005 to 2008. Between 2002 and 2005 Sharif worked in the New York and London offices of Bear Stearns focusing on the structuring and trading of structured credit. From 2000 to 2002 Sharif worked for Lehman Bros in NY.
Jerome joined Natixis in 2004 as a proprietary trader with a focus on European ABS and European/US CLOs. In 2009 he joined the workout department, winding down the bank legacy holdings in ABS and CDOs. Since 2015 he has been working on the secondary € ABS/CLO trading activities.
Jerome graduated from Supelec engineer school, he also holds a MSC in Financial Markets from Paris Dauphine University.
Christian Pellegrino is a Senior CLO Trader on the credit desk. He joined the firm in April 2012. Previously, Mr. Pellegrino was an Associate with the law firm of Chapman and Cutler LLP, specializing in asset securitization. He was also a futures trader with Tradestation Securities.
Mr. Pellegrino holds a JD (2007) from Northwestern University School of Law and a BS (2003) in mathematics from Florida State University. He is a Registered General Securities Principal and General Securities Representative with FINRA.
Matthew Layton is a Partner in the Corporate Credit Analysis team at Pearl Diver Capital. He has 16 years of buy-side credit experience in CLOs and leveraged finance and has been with Pearl Diver Capital for 9 years.
Previously Matthew was a credit analyst with Alcentra where he covered various sectors including Publishing, Media, Leisure and Gaming and Environmental Services. He heads the credit team at Pearl Diver Capital and is a voting member of the investment committee. His experience covers fundamental credit analysis across the capital structure in levered private equity-owned companies held within a securitised format.
He holds a BSc in Economics from the University of Wales, Swansea.
Dan Robinson is CIFC’s Chief Investment Officer in Europe responsible for all of the firm’s investment activity in the region. He joined CIFC in October 2018 and has over 20 years experience investing in sub-investment grade credit and restructuring. Prior to joining CIFC, Mr. Robinson was Head of Liquid Credit (Europe) for Apollo International and the senior investment manager responsible for Apollo’s investment activity across the spectrum of liquid credit including leveraged loan, levered credit, high yield bond and CLO strategies. He was also the senior investment professional responsible for investing and marketing Apollo’s Multi-strategy Alternatives Total Return Fund in Europe. From 2003 until 2015 Mr. Robinson was a Managing Director at Oaktree Capital responsible for high yield bond and leverage loan investing as well as setting up Oaktree’s European CLO business in 2014. Mr. Robinson began his career at KPMG in Corporate Restructuring where he gained his ACA qualification. He is an MA (Hons) graduate from Edinburgh University.
Conor O’Toole Heads up European Securitisation Research and is Global Head of CLO Research at Deutsche Bank having joined in November 2006. Conor started his career in structured finance on the buy side at Allied Irish Banks plc (AIB) in Dublin before moving to Sumitomo Trust& Banking Ltd in London in November 2004 where he latterly acted as a portfolio manager. Conor was responsible for investment and management of a European Investment Grade ABS portfolio including RMBS, ABS, CMBS and CDOs. At Deutsche Bank he covers the full spectrum of European ABS product where he has published market leading reports on peripheral RMBS, UK Non-Conforming, CLOs and CMBS sectors amongst others. Conor’s team was ranked no. 1 in the Greenwich European Asset Backed Research - European Investors Survey 2015, 2016, and 2017 (latest available) and has been repeatedly highly ranked in the Institutional Investor Survey.
Conor holds a Bachelor of Commerce International (with Spanish) degree from University College Dublin.
Aidan Canny holds the role of Managing Director, Global Head of Financial Institutions & Investment Managers for BNY Mellon’s Corporate Trust Business. Corporate Trust specialises in providing third party service solutions to the Debt Capital Markets. Aidan has over 20 years’ experience working with public and private companies, government entities, Special Purpose Vehicles and the banking, securities, and insurance industries to deliver client solutions whether it is conventional debt, escrows, loan services, public or structured finance. Aidan is responsible for a global business which covers all products required by Investment Managers and Financial Institution issuing debt in the Capital Markets. This includes helping clients’ to identify all possible requirements as well as ensuring the necessary support and resources are applied for a successful partnership. Aidan is also the Country Head for Corporate Trust in Ireland, one of the primary client service locations for Corporate Trust globally. Aidan joined BNY Mellon in 2008 from Bear Stearns where he held a senior position as Investment Manager for a $7bn Aaa/AAA, P-1/F1 rated Structured Investment Vehicle.
Aidan holds a BA (Mod) in Management Science & Information Systems from Trinity College Dublin.
Kenneth J. Kencel serves as president and CEO of Churchill Asset Management. Throughout his over 30 year career, Kenneth has accrued a broad range of experience in leading middle market financing businesses. Previously, he was a director and president of Carlyle GMS Finance; founded and was president and CEO of Churchill Financial; and served as head of leveraged finance for Royal Bank of Canada, as well as head of Indosuez Capital - a leading middle market merchant banking and asset management business. He also helped to found high yield finance businesses at both Chase Securities (now JP Morgan) and SBC Warburg (now UBS).
Mr. Kencel serves on the Board of Trustees of Canisius High School and is the Chair of the Investment Committee. He also serves on the Archdiocese of New York Pension Investment Advisory Committee. Mr. Kencel is a guest lecturer at Boston University Questrom School of Business and a former member of the Board of Advisors and Adjunct Professor at the McDonough School of Business at Georgetown University. He earned his BS in business administration, magna cum laude, from Georgetown University and his JD from Northwestern University School of Law. He lives and works in New York.
David is responsible for coordinating GSCS Syndication globally. In addition, he is Head of Capital Markets for U.S. GSCS, which includes a focus on origination efforts in coordination with the respective GSCS banking teams and maximizing client relationships within GSCS. David has over 14 years of experience, almost entirely at Natixis, in structured credit primarily focused on origination and syndication of structured finance products.
He holds a BSM in Finance from the A.B. Freeman School of Business at Tulane University.
Mudasar is a lead ratings analyst in the European Structured Credit Team at DBRS Ratings Limited, based in London. The team is responsible for ratings of CLOs which include European Arbitrage, Balance Sheet, MM and SME CLOs. He joined DBRS in 2011, having previously worked at PGIM Limited, Bluecrest Capital Management and Fitch Ratings Limited.
Mudasar holds a masters degree with first class honours in Aerospace Engineering from Queen Mary, University of London.
Dale Shorey, is the Founder of Waterman Stern. Dale has been consulting on front office hires for over 16 years. Before the 2007 financial collapse Dale mostly consulted for investment banks on senior hires in fixed income, leveraged finance and securitisation. Whilst still supporting investment banking clients, Dale utilised his expertise to assist buy-side firms on hires created from the dislocation in credit markets. This experience includes a successful track-record across structured products, structured finance, real estate debt, NPL's, direct lending, CLO's and distressed debt. Recently Dale has advised many leading hedge funds and private equity houses on senior investment hires in European private debt. His track record spans origination, structuring, credit analysis, credit risk, trading & portfolio management across performing and distressed credit. This bandwidth allows Dale to offer a full view of the entire buy-side leveraged credit investor market across different asset classes, providing a unique and invaluable perspective to fund managers making strategic human capital decisions.
Roy is the Team Head of Alternative Strategies at the Church Commissioners, which manages the Church of England’s endowment. He is responsible for managing and growing the endowment’s allocations in the alternatives sector. Roy was previously the Head of Research at Dexion Capital, where he was responsible for the firm’s fund of funds mandates and for establishing investment partnerships with major investment managers in the credit, hedge fund, infrastructure and real estate sectors. Prior to this, he was the Alternatives Fund Manager at boutique fund of funds company Bramdean Asset Management.
Roy holds a MBA from Said Business School (Oxford) and graduated from the University of Texas at Austin.
John Di Paolo, CFA, FSA, is a Principal on PGIM Fixed Income's Structured Product Team. His areas of credit research specialization are Collateralized Loan Obligations (CLOs) and Asset Backed Securities (ABS). Mr. Di Paolo joined the team in 1998 following six years in the Firm's Actuarial Leadership Development Program. Mr. Di Paolo earned a BS with honors in Economics from The Wharton School of the University of Pennsylvania, and both a BA with honors and an MA in Regional Science from the University of Pennsylvania. He holds the Chartered Financial Analyst (CFA) designation and is a Fellow of the Society of Actuaries (FSA).
Andrew joined Permira Debt Managers in June 2017 and is Head of Capital Markets. Andrew is responsible for all trading, sponsor and investment banking coverage, focusing on expanding the liquid credit business which includes PDM’s CLO Platform, Providus. PDM led the way in ESG by being the first European CLO manger to incorporate ESG standards into their governing documentation, issuing two CLOs (Providus I and II) in 2018.
Andrew has over 18 years of experience in the European markets, starting his career in leveraged finance, and then at Citigroup trading a variety of fixed income products from leveraged loans and high yield bonds to structured credit.
Chris founded Palmer Square Capital Management, an approximately $8.4 billion AUM asset manager focused on corporate and structured credit, in June 2009. Currently,he serves as President and Chief Executive Officer and is responsible for managing Palmer Square’s investment effort and overall business. Since inception, Chris has been successful in not only building a highly-experienced investment team, but also an integrated credit investment platform that manages mutual fund offerings, private funds and separately managed accounts. The firm has a client list that spans not only institutions and family offices, but also RIAs, bank/trust, and broker-dealers.
Chris’s previous work experience includes key investment roles at Prairie Capital and Sandell Asset Management as well as working at Morgan Stanley in the Credit Derivatives and Distressed Securities Group focused on the firm’s proprietary investments. Before Morgan Stanley, he worked at TH Lee Putnam Ventures, a private equity fund sponsored by Thomas H Lee Partners and Putnam Investments. In that role, he also served on the Board of Directors of Avero, Inc.and was a Board Observer for Parago, Inc. He started his career at JP Morgan & Co. in Leveraged Finance and Mergers& Acquisitions (FIG Group) advising corporations and private equity firms on investment banking and capital markets.
He received an MBA degree from the Harvard Business School and an AB degree in Economics cum laude from Princeton University.
Paul Levy is a Managing Director of GreensLedge Europe. Prior to joining GreensLedge, Paul was a Managing Director at Hayfin Capital Management with joint responsibility for structured credit investment and CLO management. Previously Paul was the European Co-Head of FICC Structuring at UBS for two years as a Managing Director where he built and oversaw a team of 60 people that focused on structuring transactions across a variety of asset classes. Paul and has also held roles as a Partner at Prytania Investment Advisors where he focused of advising clients on their Structured Credit portfolios, as the European Head of Exotic Credit Structuring and a Managing Director at Merrill Lynch (2006-2008) and the co-head of Synthetic Credit Structuring at Deutsche Bank (2001-2006). Paul began his career in 2000 at Morgan Stanley.
He has a BA (Oxon) in Mathematical Sciences from The Queen’s College, Oxford.
Angie Knighton Long, Chief Investment Officer, has key responsibilities for all investment-related activities at Palmer Square.
Prior to joining Palmer Square, Angie worked for JPMorgan Chase & Co. in New York for 13 years. Angie held many senior roles including Deputy Head of North American Credit Trading, Head of High Yield Trading, and Head of Credit Derivatives Trading. Angie has been a trader of many products including high yield bonds, high yield credit derivatives, distressed debt, capital structure arbitrage, and structured credit. In addition, she worked with the Global Head of Credit Trading to help oversee risk management for the High Yield and High Grade credit trading books.
Named a Managing Director at age 29, Angie is considered a pioneer in the Credit Derivatives industry and is credited with creating the HYDI (High Yield Debt Index), the first liquid credit trading index and predecessor to all of today’s indices (the Markit CDX).
Angie received an AB degree in Economics from Princeton University and is a CFA ® charterholder. During her years at Princeton, Angie was a member of two National Championship Rugby Teams and was selected as an All-American in 1997.
Mr. Worman is the CLO Portfolio Manager and a member of the Investment Committee. Prior to joining Brigade, Mr. Worman worked as a Senior Analyst at Greywolf Capital, LLC where he focused on distressed and event-driven opportunities across the capital structure. At Greywolf, Mr. Worman spent the majority of his time focused on investment opportunities in autos, industrials, and telecom. Prior to his tenure at Greywolf, Mr. Worman was an Associate in the Healthcare Group at Madison Dearborn Partners.
Mr. Worman received a BBA from the Roberto C. Goizueta Business School at Emory University and an MBA from the University of Pennsylvania’s Wharton School.
Turlough Galvin is the Co-Head of the Finance and Capital Markets Department. Prior to this, Turlough was head of the Tax Department for more than 10 years. He advises international corporations, investment banks and financial institutions doing business in and from Ireland. He specialises in all forms of structured finance, securitisation, financial services tax, fund finance, loan portfolio and debt capital markets advice. He also provides strategic advice to the financial services industry in relation to disputes arising from structured finance arrangements and tax litigation issues.
Turlough is recommended as a Tier 1 Capital Markets lawyer and a Tier 1 Tax lawyer by leading legal publications and has been included in the Legal 500 EMEA Hall of Fame.
Turlough was involved in modernising the Irish securitisation legislation framework in 2002 and various amendments to Irish tax and capital markets legislation over the past couple of decades. Turlough helped to establish and served as the first chairperson of the Irish Debt Securities Association (IDSA) from 2012 to 2015. The IDSA is an industry organisation formed to promote and develop Ireland as a location for activities to support the global structured finance, debt securities and specialist securities industries.
Darren is a Structured Credit Portfolio Manager responsible for corporate structured credit positions. He trades standard index as well as transactions referencing bespoke portfolios of credits. His earlier responsibilities on the trading desk were to develop the trading and risk management tools now used in the structured credit business. His previous role was as a product controller dedicated to the structured credit business, where his primary responsibility was the maintenance and improvement of the control framework for the business.
Prior to joining CQS in 2005, Darren was Vice President in the Controlling function at Deutsche Bank where he led the fixed income methodology team in the Global Valuation Group. He has also held roles as Global Head of Valuation Control for Credit Trading and Senior Product Controller for Credit Correlation Trading. Before joining Deutsche Bank in 2000, Darren qualified as an ACA with Hacker Young.
Darren holds a BA (Hons) and DPhil in Mathematics from Christ Church, Oxford.
Kelley Baum, CFA is Head of Liquid Credit at III Capital Management and manages the credit index, option, and tranche books. She has also been involved in the firm’s CLO trading. She joined the firm in September 2014. Previously, Ms. Baum was an Associate in Interest Rate Sales and Agency Mortgage Trading with Citigroup Global Markets. She earned an AB in economics from Princeton University. Ms. Baum is a CFA Charterholder and a General Securities Representative registered with FINRA.
Tom Davidson is assistant editor for Creditflux, the leading global leading information source for credit funds and CLOs. He focuses on event content and special features. After joining Creditflux in 2005 he moved to New York in 2012 to setup the Creditflux US office. He graduated from Cambridge University with an MSci in Natural Sciences.
Renaud Champion is Head of Credit Strategies and Senior Portfolio Manager at La Française GIS. He joined LFIS in January 2013 from AXA IM Structured Finance where he spent five years.
Prior joining LFIS, Renaud co-headed the corporate credit team at AXA IM Structured Finance where he was in charge of the non-traditional corporate credit platform, from 2010 to 2012. From 2002 to 2007, he was in charge of the credit team (research and portfolio management) at Allianz Global Investors France, reporting to the head of fixed income. He then served, from 2007 to 2010, as senior portfolio manager within the structured credit investment team managing funds and investing in CDOs and regulatory capital transactions across the capital structure. He started his career at DWS France where he was head of money markets and credit funds.
Renaud graduated from HEC and ENSAE.
Mr. Maji is a Senior Managing Director and Portfolio Manager of Oxford Funds, LLC. Oxford Funds manages approximately $1.0 billion in AUM in U.S. CLO equity and CLO junior debt tranches across two publicly traded funds, Oxford Square Capital Corp. (Nasdaq: OXSQ) and Oxford Lane Capital Corp. (Nasdaq: OXLC), and three private CLO equity funds. Mr. Maji has been investing in CLO equity and CLO junior debt tranches since 2009 and heads Oxford Funds’ structured credit investing team. He graduated from the Jerome Fisher Program in Management and Technology at the University of Pennsylvania where he received a B.S. in Economics from the Wharton School and a B.A.S. from the School of Engineering.
Maria Rassam is a portfolio manager in the BlackRock European Fundamental Credit team focusing primarily on the management of European CLO secondary and new-issue securities.
Prior to joining Blackrock in 2018, Miss Rassam was a senior portfolio manager at Cairn Capital Limited responsible for CLO liability investments as well as macro hedging. She joined Cairn Capital in 2010 and was initially involved in leveraged loans portfolio management before moving into the alternatives team to co-manage the Cairn Special Opportunities Credit Fund. She began her career at Bank of America Merrill Lynch working on European CLOs.
Miss Rassam earned a BSc (Honours) in Biochemistry from the University of York and is a holder of the CFA UK Level 4 Certificate in Investment Management (formerly IMC)
Mike founded Creditflux in 2001 and now works to expand its news and data to cover new markets and topics.