Job Swaps

Job swaps round-up - 17 November

Friday 17 November 2017 16:34 London/ 11.34 New York/ 00.34 (+ 1 day) Tokyo

EMEA

CSC has hired Jonathan Hanly as md to its Ireland office, Hinnerk Koch as md to its Luxembourg office and Aline Sternberg as head of transaction services in the UK. Hanly has previous executive leadership roles with the Intertrust Group, SFM Europe and RBS. Koch has significant experience in the alternative finance and securitisation markets in Luxembourg, having spent seven years specialising in capital markets with SFM Europe (now the Intertrust Group), and Sternberg formerly served as a senior transaction manager with Intertrust.

North America

Apollo Global Management has promoted lead partner for private equity Scott Kleinman and md James Zelter to the newly created positions of co-presidents, reporting to senior md and co-founder Josh Harris. The pair will have full responsibility for all of Apollo's revenue-generating and investing businesses, with Kleinman focusing on the firm's equity and opportunistic businesses, and Zelter focusing on its credit and yield businesses. They both will continue to serve on the investment committees in their respective areas of focus.

Highland Capital Management has recruited Andrew Parmentier as a partner, expanding the firm's executive committee. Parmentier will serve as Highland's chief strategy officer and head of thematic investing. He previously co-founded Height Securities and before that was a partner and md at FBR Capital Markets.

Acquisitions

Alter Domus, a fully integrated provider of fund and corporate services backed by the Permira funds, entered into an agreement on 10 November to acquire Cortland Capital Markets Services in the US. The terms of the transaction have not been disclosed. The transaction marks the fourth deal Alter Domus has signed since the strategic investment by the Permira Funds in May 2017. The acquisition of Cortland represents a significant milestone for Alter Domus, establishing a major presence in US credit, real estate and loan services alongside the existing private equity clients served.

BNP Paribas Asset Management has acquired - through its incubation fund - a 10% stake in Caple, with the aim of providing an alternative credit offering for European SMEs. The partnership was formed under BNPP AM's SME Advanced Solutions platform, a recently-launched initiative within its private debt and real assets investment group, led by David Bouchoucha. The open architecture platform will source senior unsecured fixed rate loans of between €500,000 and €5m across multiple origination channels in Europe, including banks and fintechs, and distribute them to institutional investors. It will initially target SMEs in the UK, Germany and the Netherlands, before broadening out more widely across Europe.

ILS

Swiss Re has appointed Weilong Su to the position of ILS trading analyst at the New York office. He was previously a natural catastrophe specialist and property treaty underwriter at the firm. Swiss Re has also hired Jordan Brown as a vp, ILS structurer at the New York office, having previously served at Guy Carpenter as vp in ILS origination and structuring.

Robert Bray has been hired by GC Securities, the ILS arm of Guy Carpenter, as avp for ILS structuring and origination. Bray was most recently an associate at Regions Securities.

17/11/2017 16:34:24