London-headquartered alternative asset manager Man Group has appointed Brian Broesder and Westin Lovy as managing directors in the firm’s Connecticut office.
Both join the company from Bridge Lane Capital, a firm specialised in private debt deals with small and middle market companies in North America they co-founded in 2012.
Broesder and Lovy will continue to manage Bridge Lane’s portfolios at Man Group. Bridge Lane currently has over $125m (€112.2m) in committed capital.
Prior to co-founding Bridge Lane in 2012, Broesder was managing director and portfolio manager at credit manager Whitecap Advisors, which he joined in 2003.
He has also been an investment banker focused on corporate finance and M&A for emerging growth companies at Investec, and held positions at Fleet Bank (formerly Robertson Stephens) and UBS (formerly PaineWebber).
Lovy has been managing director and head of Risk Management at Whitecap Advisors and prior to that, he was an insolvency lawyer at Latham & Watkins in New York.
As of 30 June 2016, Man Group’s funds under management were $76.4bn (€68.6bn).