Sector developments and company hires

SLC Management has promoted Bryan Rowe, Daniel Lucey, Jacqueline Gallant and Jeffery Meyer as the firm continues to expand its business and investment capabilities. Effective from 26 March, the four will work as senior mds at the firm. Firstly, Rowe has been promoted to senior md for global portfolio management, having spent more than 15 years at the firm, and will oversee the global team responsible for the development and execution of investment strategy reviews. Rowe will be based in the firm’s Waterloo, Ontario office alongside Meyer, who will undertake the role of senior md for private securitisation finance having spent 28 years at the firm. Lucey has been with SLC since 2009, and will continue to manage the team’s bond strategies from its office in Wellesley, Massachusetts, in his new role as senior md and senior portfolio manager. He will also oversee the management, research, and trading for the firm’s ABS, CMBS, MBS and CLO portfolios. Lastly, Gallant, will step up to the role of senior md and head of institutional marketing and communication after working with the organisation for more than two decades, and will be based in Toronto.

In other news....

North America

Churchill Asset Management has named Kelli Marti as its new senior md and head of CLO management. Marti has been responsible for the growth and management of firm’s middle market CLO platform since joining the organisation in 2020, with the platform growing to almost US$2bn under her leadership. Marti’s promotion is the latest of several made across Churchill’s investment teams as it strives to diversify its overall expertise.

CarVal Investors has announced the establishment of a new mortgage conduit, Mill City Loans. The new business is set to prioritise relationship building with originators and will focus on liquidity and technology as it works to broaden its services offered to clients. The team will be led by mortgage veterans Trey Jordan, Mike Peterson and Kent Usell. Jordan joins the firm from New York Mortgage Trust, where he served as general counsel, Peterson joins from TCF Bank where he led its capital markets team, and Usell joins the team having previously worked as a mortgage and investment banking leader at multiple firms including New York Mortgage Trust and Oak Hill Advisors. Under the leadership of this executive team, Mill City Loans will work to acquire residential mortgage assets through a number of different strategies, ultimately broadening CarVal’s product offering.