ICG, a global alternative asset manager, has named David Saitowitz its new head of US liquid credit.
Based in the firm’s New York office, Saitowitz will manage ICG’s US investment strategies focused on syndicated loans and high yield bonds. His appointment, along with three analysts over the past year, reflect a commitment to the growth of the firm’s US credit platform.
On his new appointment, Saitowitz said, “ICG has outstanding global reach in credit markets, and I look forward to working with the existing team as we continue to capitalise on the significant growth the US team has achieved to date.”
The firm’s North American credit business, headed by Brian Spenner, encompasses both private debt and liquid credit strategies and manages in excess of US$14 billion as of 30 September 2023.
On the new appointment, Spenner said, “Saitowitz’s appointment demonstrates ICG’s dedication to building out our global liquid credit capabilities. He brings a depth of experience in fundamental credit research and the traded credit markets. I am delighted to be working with him, and am confident that his expertise and experience will prove invaluable as we continue to scale ICG’s US credit business.”
Prior to ICG, Saitowitz spent more than a decade at Apollo Global Management, most recently as partner, co-head of US performing credit and head of industry research. From 2004 to 2012, he worked at Stone Tower Capital, latterly as a portfolio manager and member of the fixed income investment committee. Saitowitz also spent four years at JP Morgan, holding positions in credit portfolio research and syndicated and leveraged finance.
ICG provides flexible capital solutions and manages US$81 billion of assets and investing across the capital structure, operating across four asset classes: structured and private equity, private debt, real assets, and credit.
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