Omni Bridgeway appoints senior investment manager

2 September 2020
| By Chris Dastoor |
image
image
expand image

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!”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 2 weeks ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 2 weeks ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 6 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

1 day 7 hours ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 4 days ago