Sector developments and company hires

Stonehill is set to expand its commercial lending business with four new senior executive hires to its leadership team. Daniel Siegel, Greg Koenig, Nisu Mehta, and Taylor Pike each join Stonehill from Ardent with several decades of real estate business shared between them. The firm hopes the new hires will assist in widening its product offering across all real estate sectors. Firstly, Siegel will serve as the president of the firm’s commercial real estate lending group and will be responsible for its expansion into commercial real estate lending. Koeing, Mehta and, Pike will work alongside Siegel as svps at Stonehill.

In other news…

EMEA

Arrow Global has announced the launch of its new portfolio diagnostic solutions service for its UK client base. The Portfolio Diagnostic Solution aims to support creditors amidst period of uncertainty by assisting them with assessing risk within their portfolio, curate strategies to help reduce risk, while ensuring all customers are treated fairly.

North America

Barrow Hanley Global Investors has appointed TJ Unterbrink md and fixed income portfolio manager. Unterbrink was previously a partner at Carlson Capital, where he developed and co-managed the firm’s CLO business from inception through to the sale of the unit last month (SCI 4 April). Before that, he worked at HIG WhiteHorse, Corriente Advisors, Austin Industries and Deloitte.