Alcentra’s Hatfield moves back to London for global CIO role

 Jack Yang, the head of business development, will replace Hatfield in New York as head of Americas. 

Alcentra Group, the BNY Mellon-owned credit manager, has brought Paul Hatfield back to its London headquarters to take on the expanded role of global chief investment officer (CIO). Hatfield has been in New York for the past two years, building the US business as head of Americas. He already held the title of CIO.

In the new global CIO role, Hatfield will lead the firm’s credit portfolio management and the development of its investment strategy.

Jack Yang, Alcentra’s head of business development who joined the firm in 2013, will replace Hatfield as head of Americas, the firm announced today (28 January). Yang will retain his responsibilities as global head of business development. Both report to chairman and chief executive, David Forbes-Nixon.

Based in New York as head of the Americas for the past two years, Hatfield was tasked with growing the North American business. During this time, Alcentra’s US assets grew to $12 billion from $4.6 billion and personnel increased to 47 from 28.

Hatfield also oversaw the integration of Standish Mellon’s high-yield team, another BNY Mellon subsidiary, as well as the IPO of the UK-based manager’s BDC, Alcentra Capital Corporation. In that time, the firm also launched the Dreyfus Floating Rate Income Fund with Alcenttra as a sub-advisor and established its ‘Shackleton’ US 2.0 CLOs.

In his new role, Yang is responsible for the firm's business operations in the Americas, as well as product development, marketing, fundraising and investor relations globally. He joined Alcentra in March 2013 as managing director and head of business development for the Americas. Before joining Alcentra, Yang was the head of business development at Onex Credit Partners and Highland Capital.  Prior to that, he was global head of leveraged finance at Merrill Lynch.

Alcentra Group has $24 billion in assets under management. Its strategies include: senior loans, high-yield bonds, direct lending, structured credit, distressed debt and multi-strategy credit. Alcentra Group is owned by The Bank of New York Mellon Corporation and headquartered in London, with offices in New York, Boston and Dusseldorf.