Home Peer to Peer Lending DWS hires Man Group veteran to launch CLO enterprise

DWS hires Man Group veteran to launch CLO enterprise

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DWS hires Man Group veteran to launch CLO enterprise

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DWS Group has appointed a former Man Group govt to launch its first European collateralised mortgage obligations (CLOs).

Dan Robinson will lead the asset supervisor’s EMEA various credit score franchise because the Frankfurt-based agency expands into the sector.

Learn extra: Citigroup considers new direct lending technique

Robinson was beforehand international head of collateralized mortgage obligations at Man Group, and previous to that he spent 12 years at Oaktree Capital Administration. He will probably be primarily based in London, reporting to Paul Kelly, DWS Group’s international head of alternate options.

Robinson may also oversee the agency’s direct lending technique, which is concentrating on roughly €900m (£781m) for European company debtors in non-public markets.

Learn extra: Bridge lender Hope Capital wins £25m Shawbrook funding

DWS Group is Deutsch Financial institution’s asset administration arm. It just lately introduced plans to develop its €114bn alternate options franchise and begin its first CLO enterprise in Europe, with plans to launch its debut CLO in 2024.

The agency steered that it’ll make extra hires in its alternate options enterprise subsequent yr.

DWS chief govt Stefan Hoop has beforehand commented that the alternate options unit, which encompasses non-public credit score, actual property, infrastructure and liquid actual property, is a key a part of the group’s progress technique.

Learn extra: Blackstone elevating $400m to spice up non-public credit score fund

 



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