Onex investment official earns promotion with move to fund development unit
Long-time Onex employee Tate Abols has been promoted from principal to managing director as part of a new role at the firm

JP Morgan AM establishes high yield municipal bond platform
JP Morgan AM has appointed a managing director and head of high yield municipal bond strategies to establish a high yield municipal bond platform

MFS fixed income veteran gives up PM duties on $1.45 billion of funds
A fixed income specialist at MFS Investment Management is relinquishing portfolio management duties on four closed-end debt funds with collective assets of about $1.45 billion

Distressed credit chief departs Man Group amid rumoured fund shutdown
Himanshu Gulati has left Man Group after three years at the firm, where he served as head of US distressed credit and special situations

Apollo reorganises its global credit platform
Sources say Apollo Global Management has reshaped its credit business by merging certain divisions and promoting several staffers in New York. Separately, sources say a high-ranking credit head has left the firm

Swiss banking group appoints structured finance head from Goldman Sachs
Geneva-based banking group REYL & Cie has tapped Ante Razmilovic to lead the REYL’s new structured finance business

Tree Line promotes MD to partner amid expansion of direct lending platform
Tree Line has promoted private credit specialist Frank Cupido to partner

AB names fixed income co-heads and replaces Ashish Shah on two funds
Following the departure of Ashish Shah, who was AB's head of fixed income and chief investment officer, Will Smith has been appointed co-manager on two bond funds. Meanwhile, the firm has named two co-heads of fixed income

Structured credit specialist swaps CSOs for CLOs as he returns to Morgan Stanley
Morgan Stanley has added to its CLO structuring team in New York, bringing an official who has been working on synthetic CDOs

Blackstone names new president and COO
Global asset manager Blackstone has named Jon Gray, the firm's current global head of real estate, president and chief operating officer

20-year Credit Suisse veteran joins BlackRock in New York
BlackRock has hired Brent Patry, the former vice chairman of Credit Suisse's acquisition and leveraged finance division

GSAM poaches AB’s Ashish Shah as global corporate credit head
Goldman Sachs Asset Management's fixed income team has hired Ashish Shah as partner and head of global corporate credit, according to an internal memo seen by Creditflux

THL Credit assigns new role to senior portfolio manager Murphy
Alternative credit manager THL Credit Advisors has promoted managing director Brian Murphy to head of capital markets

Direct lender Madison announces new CEO
Chicago-based Madison Capital Funding, a subsidiary of New York Life Insurance Company, has announced a CEO successor to step into the role mid-2018

Bill Barr steps down from Och-Ziff board as firm's new CEO is named
Och-Ziff has named a new chief executive officer to succeed Dan Och, with the firm announcing today that former Credit Suisse executive Robert Shafir will step into the position

New York fixed income specialist hires two marketing officials
Fixed income specialist Ryan Labs Asset Management, a member of the Sun Life Investment Management group, has made two senior hires to its marketing and client strategy team

Partners Group hires senior portfolio manager Hanslin as it eyes debut US CLO
Switzerland-headquartered Partners Group has hired a senior vice president and portfolio manager of its US bank loan and CLO origination business

Tennenbaum opens new Atlanta office and makes two senior hires
Tennenbaum Capital Partners (TCP) opens new Atlanta office following the strong demand for direct lending 

Texas manager hires Lone Star’s Stahl as MD for distressed credit
Texas-based real estate private equity firm Pennybacker Capital has appointed a new managing director of distressed credit and special situations

Former Hartford ETF chief joins Chicago manager as head of funds
Northern Trust Asset Management has named Darek Wojnar, an exchange-traded fund (ETF) professional from Hartford Funds, as its head of funds and managed accounts

Dublin-based co-head of global credit parts company with KKR
An experienced figure in European credit has left KKR in order to pursue interests outside of fund management. He had been serving as co-head of global credit at the firm

Ropes & Gray announces 33 promotions including finance and hedge fund professionals
Law firm Ropes & Gray has promoted 33 lawyers to counsel of the firm, with the attorneys representing a range of practice groups including finance, investment management, hedge funds and private investment funds

Brigade co-founder to leave the firm
Brigade Capital Management's co-founder Pat Kelly is leaving the firm, according to market sources

Highland expands institutional business team with two new hires
Dallas-headquartered Highland Capital Management today announced the hire of two institutional business development professionals, who have joined in anticipation of increased opportunities in distressed credit

Willis Towers Watson fund exchange hires new US head in New York
Willis Towers Watson’s Asset Management Exchange (AMX), an institutional asset management marketplace, has appointed a new US head