Texas-based world different funding supervisor Canyon Companions has appointed Davide Amico as its new co-head of personal credit score, amid a senior employees restructuring.
Amico has been with the agency for 14 years, and was beforehand head of Europe. He’ll work alongside Scott Borenstein as co-heads of the non-public credit score division. Amico replaces Jeff Kivitz, who has been promoted to chief funding officer at Canyon. Todd Lemkin, the agency’s former chief funding officer, has left the agency after 21 years.
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Moreover, Jonathan Barzideh and Chaney Sheffield, companions who’ve been at Canyon for 17 and 16 years, respectively, have been named co-heads of opportunistic credit score.
In the meantime, Andy Ray, the agency’s chief technique officer, has been elevated to president. Randy Ko, a managing director and Canyon’s head of sustainable investing, will assume the function of chief technique officer.
“2024 has been a transformational 12 months for Canyon, from strategically vital product launches to our GP/LP partnership with Dai-ichi Life, amongst different milestones,” mentioned Josh Friedman and Mitch Julis, Canyon’s co-founders and co-chief executives.
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“As we glance forward, we acknowledge the chance to additional empower most of the proficient leaders who’ve set the inspiration for our success right now and who might be of paramount significance to attaining our long-term imaginative and prescient for Canyon.
“Whereas our roles main the agency will not be altering, we’re absolutely backed by the help of a deeper bench of confirmed senior leaders who’re well-positioned to imagine progressively extra accountability.”
Canyon noticed greater than $3bn (£2.36bn) of gross inflows and commitments this 12 months, which had been largely pushed by the corporate’s non-public market platform. Over the previous a number of months, Canyon has employed managing administrators from Apollo, Sixth Road, Barings, and Varde, and it expects to make extra senior hires within the new 12 months.
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