The head of private fixed income at SLC Management is to retire at the end of the year and will be succeeded by two co-heads.
Sam Tillighast has been with the firm for five years and has led the PFI team’s successful doubling of new investments in that time. His previous experience included leadership roles at THL Credit Advisors and AIG.
Taking over as co-heads of the team from Jan. 1 are Andrew Kleeman, senior managing director and currently head of corporate private placements, and Elaad Keren, senior managing director and currently head of private fixed income portfolio management.
Kleeman will oversee corporate credit and infrastructure debt, while Keren will focus on structured credit and PFI Portfolio Management.
"We have made impressive progress growing and evolving the PFI portfolio at SLC Management," said Steve Peacher, president of SLC Management. "After a distinguished 30-year career in private credit, I want to thank Sam for his outstanding contributions and leadership of the PFI team. Sam cultivated a deep bench of talent, leading the team to manage one of the largest private fixed income portfolios in North America. Andy and Elaad are well-positioned to co-lead this critical area of our business as we continue to adapt for our clients and remain dedicated to offering them solutions and capabilities that meet their evolving needs."
There are also management changes elsewhere in the team with the two incoming co-heads’ existing roles passing to new leaders.
Liz Thorne, managing director of private fixed income and ESG, will lead the corporate private placements team, while Petra Wendroth, managing director and portfolio manager for private fixed income, will lead PFI Portfolio Management for clients in the U.S. and Canada.
"I'm delighted to see Liz and Petra step into their new roles," Peacher added. "At SLC Management, we know our success directly correlates to the strength of our teams, and these appointments reflect the exceptional growth we've seen across the PFI business."
Consolidation continues in US wealth management industry.
Tech company democratizes access to US trading infrastructure.
RBC Wealth Management's latest move in New York adds an elite eight-member team to its recently opened Westchester office.
Stifel – so far - is on the hook for more than $166 million in damages, legal fees and settlements in investor complaints involving Roberts, a 35-year industry veteran.
The giant alt investments platform's latest financing led by T. Rowe Price and SurgoCap Partners, along with State Street, UBS, and BNY, will fuel additional growth on multiple fronts.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
