Oak Hill Advisors hired Goran Puljic, T.K. Narayan and Scott W. Snell for the firms structured products group. The new hires will be focusing on investment opportunities in the credit markets.
The team joined Oak Hill from Lehman Brothers, where they managed roughly $2 billion in structured credit assets, through both third party fund vehicles and proprietary capital within Lehman Brothers Private Equity. Their appointment enhances the investment capabilities of Oak Hill Advisors structured products group led by Jason Serrano, who joined earlier this year from The Blackstone Group.
Puljic and Serrano will co-lead this effort.Glenn August, President of Oak Hill Advisors, said, The investment opportunities in structured credit products are substantial, given the recent market dislocation, and can generate very attractive risk-adjusted returns over the next several years. Our expansion into this market segment continues the growth of our business and is a natural fit with our 20-year history of value investing in corporate credit.
In his new role, Managing Director and Co-Head of the Structured Products Group Puljic brings valuable experience with regards to investing in CLOs, CDOs and structured credit assets. Before Oak Hill Advisors, Puljic held the position of managing director and head of the structured credit investment group at Lehman Brothers Private Equity for six years and was a managing director at Goldman Sachs, where he had senior roles in both interest rate and credit derivatives, for nine years. While at Goldman, he spent two years in Frankfurt leading the banks German fixed-income division.
T.K. Narayan joins Oak Hill as a principal. At Lehman, he was a senior vice president and worked as a portfolio manager in the structured credit investments group where he focused on secondary market CDO investments.
Snell joins as a vice president, also from Lehman, where he was a vice president and focused on analyzing and trading CDOs.