People moves and key promotions in securitisation

This week’s roundup of securitisation job swaps sees TCW Group appoint a successor to its recently departed global co-head of securitised products. Elsewhere, ARC Ratings has hired a European industry veteran as non-executive director, while Guy Carpenter has appointed a senior marketing and business development executive as md. 

Los Angeles-headquartered asset manager TCW has appointed American Century Investments’ Peter Van Gelderen as global co-head of its securitised products division. The development comes a little less than two months after Harrison Choi left the position, as was revealed in a TCW fund prospectus supplement issued in mid June.

Van Gelderen will take up the position in early October and work alongside existing global co-head of the division Elizabeth Crawford, who has been in the role since 2020. He leaves his position as senior portfolio manager and head of securitised markets at American Century after two years with the business, having previously spent eight years with Guggenheim Partners.

Choi left TCW at the end of June after 14 years with the firm. The appointment of Van Gelderen coincides with TCW holding a US$400m final close for its latest CLO fund, TCW CLO 2023-2, which is principally secured by broadly syndicated first-lien loans. The group’s CLO activity is managed from within its US$70bn integrated global credit platform.

Meanwhile, European structured finance-focused ratings agency ARC Ratings has appointed Anne Le Hénaff as non-executive director. Le Hénaff previously spent seven years in Moody’s structured finance division, where she rose to become managing director and co-head of its European CDO team. 

Following her spell at Moody's, Le Hénaff held partner roles at EY and Advantage Reply, leaving the latter in February of this year.

Squarepoint-capital-owned European credit manager Arini Capital has continued the buildout of its structured finance capabilities with the appointment of Rothschild & Co’s Ben Rothberg in its London office. Rothberg has a track record in CLOs and leveraged finance, and joins Arini as an investment professional after seven years with Rothschild where he was director of credit research.

Rothberg’s appointment comes 12 months after Arini hired BNP Paribas’ former head of ABS and CLO trading, Mehdi Kashani, as a senior structured credit trader. It also follows last month’s hiring of chief risk officer James Howard, a Credit Suisse veteran of 22 years who most recently served as global head of fixed income investor products.

Greg McBride has joined Guy Carpenter as an md, based in Philadelphia. He was formerly head of marketing and business development at Mt Logan Re, having previously worked in ILS and reinsurance-related roles at Markel and JLT Re.

Chicago-headquartered law firm Katten Muchin Rosenman has promoted Manny Mevs to partner in its structured finance and securitisation practice. Mevs works across both public and private transactions. His experience spans prime and subprime automobile loans and leases, dealer floorplan receivable securitisations and warehouses, secured warehouse lending facilities, revolving credit facilities and structured term loans.

Law firm Walkers has hired Carey Olsen’s Lucy Le Cornu as a senior associate in its banking and finance practice. Le Cornu leaves her role as associate at Carey Olsen after five years with the firm. She is based in Walkers’ Jersey office and works across a range of areas including securitisation and structured finance deals.

Crédit Agricole CIB has promoted Charles Tabet to the role of international coordinator in its real estate structured finance team. Tabet is based in Paris and joined the bank in 2018 as a finance analyst.

And finally, EY’s Christopher Sullivan has taken up a new role as structured finance manager based in the agency’s New Orleans office. Sullivan joined EY in 2018 and is promoted from the role of senior structured finance analyst.