Alcentra, a specialist investor focused on subinvestment-grade debt, is moving one of its top managing directors from London to New York to lead its U.S. leveraged loan business, according to the Financial News.
Paul Hatfield, who will relocate in September, will also oversee the firms expansion through the addition of two specialist managers Bank of New York Mezzanine Partners and Hamilton Loan Asset Management which have been incorporated into Alcentras U.S. business.
Both firms were divisions of BNY Mellon Capital Markets. Alcentra became a subsidiary of The Bank of New York Mellon Corp. in 2006.
Hatfield, who joined Alcentra in 2003 as a portfolio manager for its European CLO group, will be replaced in London by Graham Rainbow, who joins the firm as executive director from the leveraged finance team at Barclays Capital.
Rainbow will serve as portfolio manager, while David Forbes-Nixon remains senior portfolio manager for the firms European CLOs.