London and New York, July 10, 2018 – Alcentra Limited (“Alcentra”), an alternative fixed income specialist for BNY Mellon Investment Management (IM), today announced the appointments of Sarah Madore, Maria Garcia Diego and Joanna Layton to new roles within its European Direct Lending team.
Sarah Madore and Maria Garcia Diego join as Associates. In addition to the two external appointments, Joanna Layton was hired internally and promoted to Head of European Direct Lending Portfolio Monitoring. Consisting of 12 nationalities, the now 22-strong-person team has an average of nine years’ experience within the European Direct Lending space.
In their roles as Associates, Sarah and Maria will provide additional resource and expertise on key European markets. Sarah will be responsible for the origination and execution of Italian and French private debt investments across a variety of industries. Maria will be responsible for sourcing and executing private debt investments across industries, with a focus on the Spanish market. In her new role, Joanna is responsible for reporting and monitoring performance across the portfolios positions at Alcentra. She also holds the title of Deputy Head of European Credit.
Prior to joining Alcentra, Sarah was an Associate in the financial sponsors solutions team at UniCredit in Milan, Italy, covering private equity investors and providing financing packages to support leveraged buyouts (LBOs) in the Italian market. Before that she worked at JP Morgan in its Italian M&A team. Maria previously worked in the financial sponsors team at Citi, where she focused on M&A and financing transactions of LBOs, across a range of industries and geographies. Before this, Maria worked at Investindustrial Advisors, a mid-market Italian private equity investment house.
Joanna joined Alcentra in 2005 and was previously a Senior Analyst for the European Liquid Loans business at Alcentra. Prior to joining Alcentra, Joanna was an Associate Director in GE Commercial Finance’s leveraged finance business, where she focused on the structuring and execution of European leveraged transactions. Before joining GE, Joanna was an analyst within Mizuho Corporate Bank’s leveraged finance credit team.
The Alcentra European Direct Lending team, led by Graeme Delaney-Smith, who launched the business in 2004, is one of the largest and most experienced teams in the industry. Currently managing $7.9bn1 in European Direct Lending investments, the team leverages the broad and deep resources of a firm specializing in corporate credit and private debt with total assets under management of $37bn2.
Graeme Delaney-Smith, Head of European Direct Lending at Alcentra, said, “We are pleased to welcome Sarah, Maria and Joanna to our European Direct Lending team, as we continue to respond to increasing market demand in Europe and build out our expertise across key markets on the continent. In their roles, Sarah and Maria will bring expertise on key European markets, such as France, Italy and Spain. In her new position, Joanna will also provide vital intelligence on portfolio positioning and performance.
“We are committed to offering a bespoke quality service to our investors, and with the addition of these new roles we will be even better placed to source opportunities in Europe for our clients. The wealth of experience that these hires bring will be beneficial for clients and an asset to the business.”
These appointments follow the recent hires of Peter M. Glaser and Suhail Shaikh as co-heads of Alcentra’s U.S. Direct Lending team.
About Alcentra
Alcentra Group (comprising Alcentra Limited and its affiliate, Alcentra NY, LLC) is a global asset management firm with assets under management of approximately $37bn1. Alcentra Group has an investment track record that dates back to 1998. Strategies include: senior loans, high yield bonds, direct lending, structured credit, distressed debt, and multi-strategy credit. Alcentra Group is owned by The Bank of New York Mellon Corporation and is headquartered in London, with offices in New York, Boston and San Francisco as well as representatives in Singapore and Hong Kong.
About BNY Mellon Investment Management
BNY Mellon Investment Management is one of the world’s leading investment management organizations and one of the top U.S. wealth managers, with $1.9 trillion in assets under management as of March 31, 2018. It encompasses BNY Mellon’s affiliated investment management firms, wealth management services and global distribution companies. BNY Mellon Investment Management is a division of BNY Mellon, which has $33.5 trillion in assets under custody and/or administration as of March 31, 2018. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
1 As of 25 June 2018
2 As of 25 June 2018. Assets under management reflect assets of all accounts and portions of client accounts managed by Alcentra Group (as defined below). Specifically, certain assets under management reflect assets managed by Alcentra Group personnel as employees of The Bank of New York Mellon Corporation, BNY Mellon AMNA, and The Dreyfus Corporation under a dual employee arrangement.
All information sourced by BNY Mellon as of 10 July 2018. This press release is qualified for issuance in the UK and Europe is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Investment Management EMEA Limited to members of the financial press and media and the information contained herein should not be construed as investment advice. The value of investments can fall. Investors may not get back the amount invested. Income from investments may vary and is not guaranteed. Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA) or affiliated fund operating companies to undertake portfolio management activities in relation to contracts for products and services entered into by clients with BNYMIM EMEA or the BNY Mellon funds. Registered office of BNY Mellon Investment Management EMEA Limited: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorized and regulated by the Financial Conduct Authority. A BNY Mellon Company. Issued in the United States by BNY Mellon Investment Management.
Contacts:
Media
Christian Zarro
+44 207 163 3490
christian.zarro@bnymellon.com
Ben Tanner
+1 212 635 8676
ben.tanner@bnymellon.com