Sector developments and company hires

Acquisitions

Greensill has acquired receivables securitisation specialist Finacity which will now become a wholly-owned part of Greensill. The move comes shortly after Softbank invested US$800m in Greensill. Finacity’s ceo, Adrian Katz, will continue in his role under Greensill’s ownership.

Advisor, broker boosts structured finance expertise

finnCap Group has expanded its debt advisory team with two senior new hires. The enlarged team will enhance finnCap's ability to source and structure debt finance for its clients from an increasingly diverse range of lenders. Graham Cooke joins as a partner from RBS/Natwest where he worked for 30 years. He has experience in corporate coverage and debt origination. Among his previous roles within RBS/Natwest, Cooke was national head of debt origination in structured finance with a focus on the SME marketplace.

Krishan Raval joins as an associate from Livingstone Partners. He has five years' experience and brings specific expertise in sponsored and non-sponsored mid-market debt raise transactions including refinancings, recapitalisations and acquisition financings. Prior to his role at Livingstone Partners, Raval was an analyst at EY in the capital and debt advisory team.

ILS

Aon Securities, has hired Michael Popkin and Rick Miller in New York, who both join the firm from JLT Capital Markets. They were both co-heads at JLT before the firm’s acquisition by Marsh & McLennan.

Investor makes double hire

Ares Management has hired Kevin Alexander as partner, leading investment origination and structuring of specialty assets within Ares’ alternative credit strategy. Alexander joins from Natixis where he most recently served as deputy ceo, Americas and head of global markets, Americas. The firm has also hired Scott Rosen to the role of md on the US direct lending team. He was previously at Wellspring Capital Management and CIBC.