DWS appoints CLO portfolio manager to alternative credit team
DWS has expanded its alternative credit team by appointing Max Elliott-Taylor as its new CLO portfolio manager.
Elliott-Taylor’s appointment is the latest in a series of key hires at the firm’s alternative credit division. Over the past few months, DWS has hired Vlado Spasov as head of capital solutions, Roscoe Roman as senior investment manager for EMEA alternative credit, and Dan Robinson as EMEA head of alternative credit.
Elliott-Taylor will report to Robinson, and will be based in London. He was previously a portfolio manager at CIFC Asset Management, where he managed five active CLOs as well as other related asset strategies.
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The recent appointments are part of DWS’s strategic initiative to grow its €108bn (£91bn) alternatives business.
“I’m pleased to join DWS during this strategic growth period for the alternative credit business,” said Elliott-Taylor.
“The private credit space is at a highly dynamic stage of its development, and I look forward to leveraging my CLO management experience to deliver positive results for our clients whilst contributing to DWS’s expansion in this sector.”
Read more: DWS launches capital solutions arm in alternative credit push
“We believe alternative credit offers a very compelling long-term growth opportunity for asset managers,” added Robinson.
“The continued expansion of the credit team is a significant priority for our alternatives business and CLOs are a fulcrum asset class within that strategic plan.
“Max has quickly established a strong reputation within the European CLO market and brings extensive investment experience.
“We are delighted he is joining DWS to lead our initiatives in this space in Europe.”
Read more: DWS boosts alternative credit team with London hire
