DWS hires Man Group veteran to launch CLO business
DWS Group has appointed a former Man Group executive to launch its first European collateralised loan obligations (CLOs).
Dan Robinson will lead the asset manager’s EMEA alternative credit franchise as the Frankfurt-based firm expands into the sector.
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Robinson was previously global head of collateralized loan obligations at Man Group, and prior to that he spent 12 years at Oaktree Capital Management. He will be based in London, reporting to Paul Kelly, DWS Group’s global head of alternatives.
Robinson will also oversee the firm’s direct lending strategy, which is targeting approximately €900m (£781m) for European corporate borrowers in private markets.
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DWS Group is Deutsch Bank’s asset management arm. It recently announced plans to grow its €114bn alternatives franchise and start its first CLO business in Europe, with plans to launch its debut CLO in 2024.
The firm suggested that it will make more hires in its alternatives business next year.
DWS chief executive Stefan Hoop has previously commented that the alternatives unit, which encompasses private credit, real estate, infrastructure and liquid real assets, is a key part of the group’s growth strategy.
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