Market Moves

Ceo retires

Thursday 21 November 2019 15:35 London/ 10.35 New York/ 23.35 Tokyo

Sector developments and company hires

Capital markets head appointed

23 Capital has hired Sreesha Vaman as md, head of capital markets. 23 Capital is a capital and solutions provider focused on the sports, music and entertainment sectors. Vaman has more than 15 years of experience across the finance, investment banking, sports and entertainment landscape and is joining the team’s New York office with a remit to build on 23 Capital’s work in the capital markets division globally. He will work closely with the company’s origination and structuring teams in the US and Europe to expand the firm’s capital initiatives as well as its presence in the broader capital markets. He will continue to help establish the company as the pre-eminent provider of capital and solutions to the sports, music and entertainment sectors. He previously spent seven years as an md at Guggenheim Partners, based in New York, across multiple roles, most recently as co-head of ABS/CLO syndicate.

Ceo retires

Kevin Keyes has retired as chairman, ceo and president of Annaly Capital Management, but remains available for consultation to ensure a smooth transition. Glenn Votek has been named ceo and president on an interim basis, while continuing to serve as cfo. The board has commenced a search for a permanent ceo, including both internal and external candidates. As part of the company’s ongoing efforts to strengthen its corporate governance, the board has separated the roles of chair and ceo and named independent director Thomas Hamilton to serve as chair. Jonathan Green (formerly lead independent director) and Wellington Denahan (co-founder of Annaly) have been appointed vice chairs of the board.

Partnership launched

Quilam Capital has launched a new strategic partnership with US investment firm, Wafra Capital Partners. The new venture, Quilam Special Opportunities, will sit complementary to the existing Quilam Capital business. However, with the support of WCP, the new vehicle plans to deploy several hundred million pounds over the next five years in the UK and European speciality finance markets.

21/11/2019 15:35:22