Churchill Pacific Asset Management, the CDO asset management arm of Churchill Financial, announced the promotion of three senior executives. In addition to his current role as director of research, Stephen Ahearn has been promoted to co-president of the firm. John Casparian also takes a co-president position as well as the title of director of operations and administration. Kevin Hickam moves up to co-president and director of portfolio management. The three have worked together for over 15 years at the Los Angeles-based firm, formerly known as Centre Pacific until it was acquired by Churchill in September 2006 and prior to that, at Transamerica Investment Services. The firm also announced the resignation of Heather Creeden, who has left to pursue other opportunities. She was previously head of asset management.
Chotin Asset Management hired Eric Knab and Isaia Carucci to assist with monitoring its growing CDO portfolios.