Cerberus appoints former JP Morgan COO as president
New York-based Cerberus Capital Management has announced three senior leadership promotions: Matt Zames as president of Cerberus, Frank Bruno to co-chief executive officer  and Lee Millstein as president of the Cerberus global investments.   

Dentons brings in derivatives lawyer as partner
Global law firm Dentons has added Alice Yurke as partner in its capital markets practice, the firm announced yesterday

New Mountain poaches former Partner's Group private debt vice president
New Mountain Capital has poached former Partner’s Group private debt vice president Thomas Libretto as director in New York

Lazard builds out alternatives platform with new MD hire
Lazard Asset Management has named a new managing director: David Gibson, who spent two decades at DE Shaw

Palmer Square hires COO from Scout after surpassing AUM milestone
Palmer Square Capital Management has hired Scott Betz as chief operating officer, following the firm surpassing $5 billion assets under management

Managers change on $4 billion worth of Fidelity funds ahead of PM's retirement
Veteran Fidelity portfolio manager Matthew Conti is expected to retire in December. In anticipation, several Fidelity credit funds worth a combined $4 billion are shaking up their management mix

A credit market in constant flux
Since Creditflux's launch in 2001, we've reported on CLO evolution, trendy new products, regulatory U-turns, and, of course, crashes. Which, we wonder, is coming next?

OppenheimerFunds chief executive resurfaces at smaller rival
A senior figure has left OppenheimerFunds and is now chief investment officer at Hirtle Callaghan & Co

Waddell & Reed names former Ameriprise professional as COO
Waddell & Reed Financial has appointed former Ameriprise professional Elizabeth “Beth” Hansen as senior vice president and chief compliance officer of its distribution subsidiaries, Waddell & Reed and Ivy Distributors

Goldman drops New Mountain and makes a new hire in subadvisor switch-up
The Goldman Sachs Multi-Manager Alternatives fund has switched up its suite of subadvisors, with New Mountain no longer managing event driven and credit strategies for that fund

BNY Mellon AMNA taps former Fidelity VP for investment strategy role
BNY Mellon Asset Management North America (BNY Mellon AMNA), which formed last month, has appointed a former Fidelity Investments professional to a senior investment strategy role

New chief executive and president named on $160 million Guggenheim fund
A Guggenheim Partners fund has named a new president, chief executive officer and trustee following the passing of Don Cacciapaglia in December

Pimco hires United Nations director in move to expand ESG capabilities
Fixed income giant Pimco has hired a former United Nations director as it builds out its environmental, social and governance (ESG) platform for investors seeking socially responsible investments.

SEC's Grim and Crovitz resurface at Washington DC law firm
Two former US Securities and Exchange Commission directors have joined law firm Stradley Ronon

Columbia CLO heads hold talks with senior management over "business arrangements"
Two senior CLO portfolio managers at Columbia Management are "negotiating the terms of their business arrangement with senior management at Columbia and [its parent] Ameriprise"

Three credit specialists part ways with Highland
Three officials have left Highland Capital Management in the last few weeks; a CLO trader and two experienced corporate credit researchers

Goldman Sachs’ co-president and COO Schwartz to retire
Goldman Sachs has announced that Harvey Schwartz, the group’s president and co-chief operating officer, is retiring and will step down effective 20 April 2018. David Solomon will now serve as sole president and COO

Rockefeller hires ex-Morgan Stanley official as its head of credit
Independent financial firm Rockefeller Capital Management has hired Michael Brakey as head of credit and banking in the firm’s wealth management business

Let's all stop obsessing about duration risk
Atlanticomnium's Anthony Smouha takes our credit quiz

Putnam hires new alternatives chief from Hutchin Hill in New York
Thomas DeAngelis has joined Putnam’s global institutional management team as director of alternatives, after less than a year at Hutchin Hill Capital in New York

Adams Street names new appointment to board of directors
Chicago-headquartered Adams Street Partners has appointed Matthew Scanlan of Angel Island Capital to its board of directors

Senior managing director parts ways with Antares
Senior managing director Chet Zara has once again parted ways with private debt manager Antares Capital, a spokesperson confirms

SSGA appoints global head of institutional group
State Street Global Advisors has appointed former APAC head Lochiel Crafter as head of its Global Institutional Group. James MacNevin will now take over Crafter's former role 

KKR appoints new independent director
KKR has appointed French technology entrepreneur Xavier Niel to the Board of Directors of KKR Management

Credit specialist poaches Goldman Sach's Eric Muller in New York
Credit specialist Oak Hill Advisors has hired New York-based Eric Muller from Goldman Sachs Group, according to a market source