Sector developments and company hires

North America
Ares Management Corporation has appointed Kipp deVeer to its board. Concurrently, John Kissick - a retired co-founder of Ares - is stepping down from the board. DeVeer, who joined the firm in 2004, is a partner and head of the Ares Credit Group. He serves as a member of the Ares executive management committee and the firm’s management committee. He additionally serves as ceo and director of Ares Capital Corporation. Kissick co-founded Ares in 1997 and helped lead the firm as a partner and by serving on its management committee, as well as several of the firm’s investment committees. Before that, he co-founded Apollo Management in 1990, leading its capital markets activities until 1997, focusing on high yield bonds, leveraged loans, distressed debt and other fixed income assets.

Samas Asset Management has elected Dan Castro chair of its investment committee. He remains president of Robust Advisors, which he founded in January 2013. Before that, Castro was an md at BTIG in New York, where he led the group responsible for analysing structured finance products.