Sector developments and company hires

EMEA
Ocorian has appointed Abigail Holladay as director of transaction management. Based in London, Holladay will manage restructuring transactions across Europe. She has previously held senior positions at Law Debenture and Deutsche Bank. Holladay has experience covering waivers, defaults, delegate/successor trusteeships and complex debt restructurings.

Greencoat winding up
In connection with the BUMF 4, 5, 6 and 7 CMBS, the high court of justice of the Isle of Man has issued sealed orders for the winding-up of Greencoat Investments (GIL) and Greencoat Holdings (GHL). Furthermore, Gordon Wilson of CW Consulting has been appointed as provisional liquidator of the companies.

North America
Annaly Capital Management has elected David Finkelstein as ceo and a member of the board, while remaining cio. Finkelstein joined Annaly in 2013 from the New York Fed, where he was an officer in the markets group for four years and the primary strategist and policy advisor for the MBS purchase programme. He succeeds Glenn Votek, who has acted as interim ceo and president since November 2019. Votek has been named as senior advisor to the company for an interim period and will support the company thereafter as a continuing member of the board.

Technical assistance facility
ResponsAbility Investments has launched a US$3m Technical Assistance Facility linked to its climate finance fund targeting the financing gap in the effort to provide universal access to clean power in developing countries (SCI 23 January). Initial funding for the facility is provided by Good Energies Foundation and the Swiss State Secretariat for Economic Affairs. Over the five years of its existence, the facility expects its projects to reach 66% of the fund’s portfolio companies while also addressing companies in the investment pipeline at large.