14 Jun 2012
3i Debt Management bolsters team with senior appointment
Andrew will be responsible for the strategic growth of the firm globally. His appointment reinforces 3iDM’s ambition to grow the Company in core and emerging markets and to play a leading role in consolidating attractive opportunities in Europe and North America.
A well-known figure in the debt market, Andrew brings over 14 years of experience in originating and structuring CLOs. He was most recently Global Head of New Issue Collateralised Loan Obligations (CLOs) at Credit Suisse, where he developed strong relationships with leading credit managers in Europe and the US, having worked on numerous cross-border transactions. Prior to this role, he held a number of senior positions at Bank of America Merrill Lynch including the establishment of a franchise that structured numerous European CDO and CLO transactions and other leverage fund raisings.
Jeremy Ghose, Managing Partner and 3iDM CEO commented: “3iDM is currently in a period of significant growth as we look to build a global multi-product debt platform. We’re pleased to have Andrew join us at such an exciting phase of our development. He brings extensive strategic and commercial experience in the debt market which will be invaluable as we continue to grow our business.”
Andrew Bellis, commented: "I am delighted to be joining 3iDM at such an exciting time for the Company. I look forward to working with Jeremy and his team in helping them build out their debt management platform."
The Company has continued to strengthen its team which currently comprises more than 30 staff based in London. In May, David Fewtrell was appointed Portfolio Manager. Last year Rob Reynolds joined as head of 3iDM’s Credit Opportunity Fund and David Stanbrook and Andrew Vile joined as Associate Directors.
3i Debt Management is one of Europe’s leading debt management businesses. Following the recent announcement regarding the acquisition of seven European CLO management contracts from Invesco, the Company has pro forma AUM of $7.5bn / €6.0 billion, via 17 funds across CLOs, private equity fund of funds, a mezzanine fund, a managed account and a Credit Opportunity Fund.
For further information please contact:
Kathryn van der Kroft
email. kathryn.vanderkroft@3i.com
tel. +44 207 975 3021