Omni Bridgeway appoints senior investment manager
Omni Bridgeway has appointed Tim DeSieno as new global director of distressed debt and senior investment manager.
DeSieno would be based in New York and responsible for developing the firm’s global distressed debt business, which the firm said would be a key part of its strategic growth.
He would also help identify and manage distress-related litigation funding opportunities in emerging markets globally, with a focus on Latin America.
DeSieno had over 30 years’ experience advising institutional investors in managing their distressed debt investments around the globe, and was most recently a senior partner at Morgan, Lewis and Bockius.
His work for clients included junk bond workouts in the 1980s/1990s, the Asian currency crisis in 1998, the Global Financial Crisis in 2008 and the financial fall out of the COVID-19 pandemic.
Andrew Saker, Omni Bridgeway chief executive, said DeSieno was a highly respected leader in his field of emerging markets debt restructuring.
“His expertise complements our insolvency, enforcement, and asset tracing teams, and it is particularly relevant in the current economic climate,” Saker said.
DeSieno said the company’s successes and strategic growth, particularly within his own field, made the opportunity attractive.
“I am confident that the largest dispute finance team in the world will be an excellent platform for creating a distressed debt business and a Latin America-focused litigation finance portfolio,” DeSieno said.
“It also does not hurt that I have known and respected Mr Saker for close to two decades – I certainly look forward to teaming up with him again!”
AUTHOR
Chris Dastoor
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