People moves and key promotions in securitisation

Job swaps weekly: Triumph for VPC

This week’s securitisation job swaps have seen two senior directors at Santander US subsidiary Amherst Pierpont Securities leave the firm to take up leadership roles at a newly launched structured finance firm. Elsewhere, Carlyle has named a successor to outgoing cfo Curt Buser, while Sumitomo Mitsui Banking Corporation (SMBC), Challenger Investment Management, and BMS Re have all made appointments.

Private credit firm Victory Park Capital (VPC) has hired two senior directors from Amherst Pierpont to head up its newly launched structured finance and capital markets subsidiary Triumph Capital Markets. The new firm has appointed Kevin Gibbons and Jim Dowd, both of whom will serve as mds working out of Chicago.

Triumph will provide advisory and capital raising products to non-bank financial institutions, with a focus on privately placed ABS, structured credit, specialty finance and real estate deals. VPC ceo Richard Levy says the launch of the new business forms part of the group’s strategy to diversify into new asset classes in order to capitalise on “varying market conditions”.

Gibbons leaves his role as managing director and head of ABS banking at Amherst Pierpont after four years with the firm, having previously spent 10 years at Capital One. Dowd joins Triumph after 12 years at Amherst Pierpont, where he was most recently a director focused on origination and structuring across ABS, MBS and CMBS.

Meanwhile, Carlyle has named New York-based John Redett as cfo and head of corporate strategy, effective 1 October 2023. He succeeds Curt Buser, cfo at Carlyle since 2014, who has decided to retire from the firm effective at the end of the year. Buser will become a senior advisor at the end of September, when he will work to ensure a smooth and successful transition until his retirement.

Redett has 25 years of experience in financial services, the past 16 of which have been at Carlyle, including serving as co-head of global financial services since 2016 and sole head of global financial services since 2020. In his new role, he will work with Carlyle’s ceo, Harvey Schwartz, and the leadership team to implement the firm’s strategy for driving long-term growth and position it for the future.

In addition, Jim Burr will become head of global financial services, effective 1 October 2023. He is a 27-year veteran of the financial services industry and has been an md on the global financial services team since joining Carlyle in 2008.

SMBC has promoted Anuj Banga to executive director within its structured finance practice in Mumbai. Banga takes on the new role having served as first vp at SMBC since 2021, where he joined after spending a decade at Standard Chartered. Banga holds special interest and expertise in power, infrastructure and new energies, which he will continue to work on at SMBC.

Challenger Investment Management has added a new portfolio manager to its European and US ABS team. Maddi Rowlatt joins Challenger in their London office from Allspring Global Investments, where she most recently operated as portfolio manager and senior research analyst.

National Bank of Kuwait has added to its real estate structured finance practice in France with the hire of seasoned structured finance professional, Bénédicte Dumant. The new recruit will work on the originations team and will be based in Paris. Dumant joins from Sienna Private Credit, where she operated as a portfolio manager for its real estate debt funds business. She previously served as a risk manager on the structured finance team at Societé Generale.

BMS Re has appointed Brendan O’Brien as vp, based in Bermuda. Reporting to Chris McDowell, ceo of BMS Re Bermuda, O’Brien will support BMS Re’s alternative risk transfer initiatives and contribute to its traditional reinsurance and retro activities. His role will encompass both property catastrophe and non-catastrophe lines, including credit reinsurance, bolstering BMS Re’s existing offering in the market.

O’Brien joins BMS Re from his latest position as an underwriter in Assured Guaranty Re’s structured finance division. Prior to this, he spent six years at Nephila Capital on the catastrophe bond desk.

Belén Alonso Robles is set to start a new role as vp at Santander US as a part of its structured finance team. Based in New York, Robles will serve as vp for underwriting and portfolio management, having previously operated as vp of portfolio management and oversight on the credit risk portfolio management team. Robles has been with Santander US since 2016.

RWE Clean Energy has recruited former investment banking associate, Sonya Dekhtyar, to support its structured finance practice. Dekhtyar joins the RWE team in Chicago from William Blair, where she had been an associate since 2020. She will join RWE’s growing structured finance team, led by vp Hashim Rizvi, and support its mission to raise external project financing for utility-scale renewable energy projects.

Northmarq welcomes new senior associate for debt and equity placement, Chandler Kaye, to its office in West Palm Beach, Florida. Kaye comes to the debt, equity, and loan servicing firm with expertise in commercial real estate, real estate development, capital markets, and multi-family properties. Prior to this, Kaye has held positions at Walker & Dunlop, and most recently at CBRE, where he operated as senior debt and structured finance analyst.

Finally, financial advisory group Kroll has hired JLL’s Mike Bammel as a Los Angeles-based md in its valuation advisory services practice. Bammel has a background in fossil, nuclear and renewable energy power projects and leaves his role as md at JLL after two and a half years with the firm. In his new role, he will provide appraisals and cost segregations for structured finance transactions.