Company hires and sector developments

COO hired

Trepp has appointed Luis Amador as coo, reporting to ceo, Annemarie DiCola. Amador was recently md at Moody's Analytics, responsible for structured finance financial engineering, product management, content production, and advisory teams, providing the fixed income marketplace advanced analytics, data, credit models, and portfolio monitoring products while also performing advisory, valuation, and consulting services across sectors.

Energy and infra partner hired

Wilson Sonsini Goodrich & Rosati has appointed Hershel Wein as a partner in its energy and infrastructure practice in New York. He will also be a member of the firm's structured finance practices. Wein's past experience includes advising clients on structuring and implementing structured finance and derivatives transactions. He was previously a principal in the Washington national tax practice of KPMG.

European bank in major restructure

Societe Generale is cutting 1600 jobs as part of a large restructuring exercise and, as part of this, it will merge two business units within financing and advisory, covering client relationships, investment banking and financing activities. It will result in a new entity that could allow the bank to optimise its client portfolio and its geographic presence, by leveraging on the strength of its coverage and its leadership in structured finance.

Equity investor

LibreMax Capital has established CAVU Investment Partners in partnership with TowerBrook Capital Partners, via its TowerBrook Structured Opportunities Fund. The entity will invest in the equity tranches of new issue CLOs managed by Trimaran Advisors, the CLO management platform of LibreMax. David Moffitt, head of tactical opportunity investing and CLO management at LibreMax and president of Trimaran, will serve as president of CAVU. Under the terms of the partnership, TowerBrook has made a substantial commitment to CAVU to support multiple Trimaran CLOs. CAVU expects to begin investing in 2Q19 and can continue making investments for five to seven years.

ILS

TigerRisk Partners has recruited Kevin Feldman as partner, based in Orange County, California. He was previously md at Guy Carpenter and, before that, avp at Collins Associates.

Italian office opened

Capzanine has opened an office in Milan staffed by three investors responsible for the firm’s investments in Italian SMEs. Led by Philippe Minard, the team comprises Riccardo Dore and Tommaso Galletta. Minard headed the structured finance team at Mediobanca until the end of 2005, when he created with his partner Andrea Cappuccio - and the support of Bi Invest and Intesa Sanpaolo - the Mezzanove Capital fund dedicated to the Italian mezzanine debt market. In 2013, Mezzanove's activities evolved into Emisys Capital, where Dore and Galletta began their careers.

Strategic alternatives

Alcentra Capital Corp has engaged Houlihan Lokey as its financial advisor in connection with a formal review process to evaluate strategic alternatives for the company. The process is being led by the board’s committee of independent directors, which has not set a timetable for the conclusion of the review.