Ostrum Asset Management has extended its credit activities in the US, with the appointment of Brian T. Yorke, who will join the firm on 12 June 2019 as US head of Structured and Loan Credit Management.
These new activities will occur through Ostrum Asset Management US, headquartered in New York.
This initiative is part of Ostrum AM's broader strategy to develop its international footprint in credit markets. Ostrum AM believes there are real fundamental value opportunities in the US loan markets that can be realised for its clients. In Europe, Ostrum AM has a long track record in corporate debt securitisation with more than 15 years of experience in the asset class.
The extension of Ostrum AM's structured and loan credit management activities to the US, coupled with its experience and infrastructure will provide a diversified product selection for investors.
T. Yorke will be responsible for include CLO issuance, managed accounts, fund platforms and related credit solutions for institutional clients. He will report to Ibrahima Kobar, deputy CEO and global CIO of Ostrum AM.
Most recently, Yorke was head of Trading, head of Global Performing Credit Portfolio Management and portfolio manager for Bardin Hill Investment Partners. Prior to joining Bardin Hill, he held a number of positions, including: head of Syndicated Bank Loan Trading at Seix Advisors; Bank Loan trader and junior portfolio manager in Prudential Investment Management's Syndicated Bank Loan Group, where he specialised in CLO portfolio management and participated in the launch and management of nine CLO portfolios; a number of other positions within Prudential including senior investment analyst in their Private Fixed Income division, analyst for Prudential Capital Partners and analyst for the Credit and Portfolio Management Division of the Prudential Capital Group.