Job swaps weekly: Crescent promotes three to senior leadership team
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People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Crescent Capital Group bolstering its senior management team with a number of promotions. Elsewhere, S&P Global Ratings has named a successor to president Martina L Cheung, who is to be promoted to president and ceo of S&P Global, while Man Group has hired a credit-risk-sharing-focused head of structuring.
Crescent Capital Group has made a number of additions to its senior leadership team, including the promotion of md and head of private credit Christopher Wright to president and the appointment of chief operating officer Joseph Viola as chair of its operating committee. The business has also appointed the md and ceo of Crescent Capital BDC, Jason Breaux, to its operating committee.
The moves are part of a growth plan at Crescent as it looks to expand its reach, with co-founders and managing partners Mark Attanasio and Jean-Marc Chapus continuing in their roles. Wright, who joined the business 23 years ago, will work alongside Attanasio and Chapus. Viola has also been with Crescent for 23 years and will be responsible for “streamlining the operating committee’s functions”, according to a statement.
S&P Global Ratings is to promote Yann Le Pallec to president, taking over from Martina L Cheung, who will be elevated to president and ceo of S&P Global. Le Pallec, who is based in Paris and will take up his new role at the start of November, is promoted from executive md and head of global ratings after almost 25 years with the firm. Cheung has been with S&P for 14 years, having joined in 2010 from Mitchell Madison Group, where she was partner and manager.
Man Group has hired former Barclays structured credit specialist Tessa Orlebar as head of structuring focusing on credit risk sharing. Orlebar left Barclays in February after nine years. She previously worked at Dimensional Fund Advisors.
James Shannon has joined GoldenTree Asset Management as md, based in New York. He was previously a vp at Blackstone Alternative Asset Management, focusing on SRT investing. Before moving to Blackstone in 2022, Shannon worked at MUFG, HSBC and NYLIFE Securities.
Corporate and structured finance lawyer Paul-Michael Rebus has joined technology-driven law firm Pierson Ferdinand, as a founding partner in the firm’s new London office. Starting in January, the firm began serving clients around the world from 23 key markets in the US. Dual-qualified in English and New York law, Rebus was previously a partner at FisherBroyles, having begun his career as an associate at Clifford Chance in 2000.
Japanese law firm, Atsumi & Sakai, has bolstered its structured finance expertise with the hire of industry veteran, Akiko Hosokawa. Based in Tokyo, Hosokawa joins the firm’s banking and finance practice as partner. She joins the firm after 27-years at Baker McKenzie where she was made partner in 2006.
French reinsurer, SCOR, has poached ILS structurer Tony Nguyen from Goldman Sachs in a bid to expand its risk partnership and third-party capital capabilities. Nguyen will be based in SCOR’s New York office, and will serve as vp of third party capital. Nguyen has worked in the ILS structuring business since 2017, including most recently on the insurance structured finance team at Goldman Sachs.
Paul Nicholson has rejoined residential-focused real estate investment, development and operating platform The Amherst Group as deputy chief investment officer from Santander US Capital Markets. Nicholson will lead the firm’s MBS business and work alongside chairperson, ceo and chief investment officer Sean Dobson in developing and executing investment strategies. Nicholson leaves his position as chief risk officer at Santander US Capital Markets after two years, having taken up the position in 2022 when Santander completed the acquisition of Amherst Pierpont. He originally joined Amherst in 2004 as co-head of the MBS trading desk.
And finally, Abu Dhabi Investment Council has hired Michael Phillips from Teacher Retirement System of Texas as head of corporate credit. Phillips spent six years at TRS and leaves his role as head of credit – special opportunities.