Structured credit asset manager DFG Investment Advisers has brought on Goldman Sachs veteran Philip Darivoff to lead its board.
Darivoff will serve as chairman of the board of DFG and its parent company, Vibrant Capital Partners.
Prior to joining DFG, Darivoff spent 27 years at Goldman, where he most recently served as a member of the firm’s structured finance capital committee and director of its office of alumni relations.
Darivoff first joined Goldman in 1985 as an associate in the mortgage securities department. He was named managing director in 1996 and general partner in 1998. He also served as head of capital markets and co-head of the corporate bond department until 2002, and chairman of credit capital markets until 2005.
DFG is an asset management and advisory firm focused on alternative credit strategies. As of June 28, 2013, the firm managed over $1 billion in corporate and structured credit assets, including Vibrant CLO, a $317 million collateralized loan obligation that closed in January 2013.
Barclays Bulks Up West Coast CMBS Team
Barclays is expanding its West Coast staff that handles commercial mortgage-backed securities (CMBS), the bank said today in a release.
New hires John Boyt and Joshua Greene will reinforce the bank’s lending business in the western portion of the U.S.
Coming on as a director, Boyt has worked in commercial real estate finance and private equity for more than 17 years, with stints at Credit Suisse, Bear Stearns and Bankers Trust. Greene, who has joined Barclays as a vice-president, has worked for Bear Stearns, Nomura Securities, and Forester Properties, a real estate private equity investment firm.
Prior to their hire, Boyt and Green had a relationship with Barclays, having operated a joint venture with the bank that originated loans for CMBS, primarily in the Western U.S.
Ares Adds Jeffrey Kramer in Expansion of Structured Credit
Ares Management named Jeffrey Kramer as a portfolio manager in the firm’s capital markets group, where he will lead a “tactical expansion” of the firm’s structured credit business to include a broad range of consumer and commercial specialty finance related assets.
Kramer brings 26 years of experience in structured finance, specialty lending and asset securitization. He joins Ares from Goldman Sachs’ special situations group. In 2005, Kramer founded ReMark Capital Group, a buyer and lender of consumer finance assets, in partnership with Goldman Sachs. ReMark was fully integrated into Goldman Sachs in 2009.
“We are excited to welcome Jeff to the team,” Greg Margolies, global head of the capital markets group, said in a press release. “He brings a wealth of knowledge and asset investing experience that is complementary to our existing structured products platform and further enables us to identify attractive opportunities for our investors.”
Prior to Goldman, Kramer served as executive director in the global financial markets division as a group head of the securitization and structured credit unit of WestLB AG. Prior to joining WestLB, he served in the structured finance and capital markets groups at Rothschild and Nomura Securities and also as a vice president in the asset finance group at Financial Security.
ASF Retains Mike Williams as Policy Adviser
The American Securitization Forum has retained Mike Williams as a senior policy advisor.
Williams served as managing director in the public policy division at Credit Suisse before launching The Williams Group earlier this year.
“We are extremely pleased Mike is joining our team,” Tom Deutsch, executive director of the ASF, said in a press release. “Having worked with Mike at ASF for nearly a decade, I’ve seen firsthand his substantial talents in formulating and implementing legislative and regulatory strategies for major institutions and he has direct understanding of the issues and concerns of our broad-base of members.”
Before joining Credit Suisse, Mr. Williams was senior vice president at The Bond Market Association, a predecessor to Securities Industry and Financial Markets Association, where he was responsible for representing the trade group before legislators and regulators, as well as overseeing relationships with state and local policymakers. Before that, Williams was special assistant to the president and staff director for legislative affairs during the Clinton Administration. He also served as a deputy assistant in the Office of the U.S. Trade Representative.