Sector developments and company hires

BNP Paribas Asset Management has announced the completion of its acquisition of a majority stake in Dutch asset manager, Dynamic Credit Group (DCG). The acquisition marks an important step in BNPP AM’s strategic plan to expand its investment business, and particularly its private debt platform. The firm hopes the integration of DCG into BNPP AM teams will enhance its private debt services, help ramp up DCG’s business across Europe and Asia, and increase its global capacity to procure personal and SME loans for its Diversified Loan Fund.

In other news…

North America

Pretium has recruited a new md and portfolio manager as it works to expand and enrich relationships across the leveraged loan and CLO investor markets. Christina O’Hearn joins the firm’s leveraged loan and CLO team from RBC Capital Markets, where she served as director of loan sales, and will report to the team’s senior md and head, Roberta Goss. On top of her portfolio management responsibilities, O’Hearn will focus on building upon existing and diversifying Pretium’s relationships across the leveraged loan and CLO investor markets.