PHILADELPHIA–(BUSINESS WIRE)–Macquarie Asset Management today announced the appointment of Vivek Bommi as Head of Leveraged Credit, one of the three capability offerings of the firm’s Credit platform, along with Fixed Income and Private Credit. In this role, he will have overall responsibility for the firm’s Leveraged Credit capabilities including portfolio, team and business management, including being named a portfolio manager on the team’s registered high yield and bank loan funds in the US.
Based in Philadelphia, Vivek joins Macquarie Asset Management with 25 years of industry experience, having spent the last 15 years in senior roles across Leveraged Credit. Most recently, he was Head of European and UK Fixed Income at Alliance Bernstein, and prior to that, he spent more than ten years at Neuberger Berman within Leveraged Credit in various roles including Director of Research, Portfolio Manager, and Head of Europe.
“We see investors continue to look for credit solutions across the liquidity, risk and return spectrums,” said Brett Lewthwaite, Deputy Head of Credit, Macquarie Asset Management. “Vivek’s wealth of experience will be invaluable as we look to grow our existing leveraged credit solutions and add new offerings.”
“I am excited to join the Macquarie Asset Management Credit team and look forward to growing its strong Leveraged Credit offerings. Our Credit platform is committed to delivering compelling outcomes to clients and I am eager to help drive that further in our Leveraged Credit offerings,” said Vivek Bommi.
Today, Macquarie Asset Management manages approximately $US5B in Leveraged Credit assets across high yield and bank loans with clients across US wealth and institutional channels and over $US220B across our Credit platform.
About Macquarie Asset Management
Macquarie Asset Management is a global asset manager that aims to deliver positive impact for everyone. Trusted by institutions, pension funds, governments, and individuals to manage approximately $US573 billion in assets globally, we provide access to specialist investment expertise across a range of capabilities including infrastructure, green investments, real estate, agriculture & natural assets, asset finance, private credit, equities, fixed income and multi asset solutions. Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory and risk and capital solutions across debt, equity, and commodities. Founded in 1969, Macquarie Group employs more than 21,000 people in 34 markets and is listed on the Australian Securities Exchange.
All figures as at 30 September 2023 unless otherwise stated. For more information, please visit Macquarie.com.
Macquarie Asset Management