Macquarie Asset Management (MAM) has named Vivek Bommi as head of leveraged credit.
In this role, based in Philadelphia, Bommi will be responsible for the firm’s leveraged credit capabilities including portfolio, team and business management. He was named a portfolio manager on the team’s registered high yield and bank loan funds in the US.
On his new appointment, Bommi said, “I am excited to join the Macquarie Asset Management credit team and look forward to growing its strong leveraged credit offerings. Our credit platform is committed to delivering compelling outcomes to clients and I am eager to help drive that further in our leveraged credit offerings.”
Bommi has spent the last 15 years in senior roles across leveraged credit, most recently as head of European and UK fixed income at AllianceBernstein, and prior to that, he spent more than ten years at Neuberger Berman within leveraged credit in various roles including director of research, portfolio manager, and head of Europe.
MAM deputy head of credit, Brett Lewthwaite, said, “We see investors continue to look for credit solutions across the liquidity, risk and return spectrums. Vivek’s wealth of experience will be invaluable as we look to grow our existing leveraged credit solutions and add new offerings.”
Leveraged credit is one of three capability offerings within the firm’s credit platform, along with fixed income and private credit.
Macquarie Asset Management manages around US$5 billion in leveraged credit assets across high yield and bank loans with clients across US wealth and institutional channels and more than US$220 billion across its credit platform.
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