Aztec makes senior private debt hires in growth drive

Two Luxembourg-based professionals will help drive the group’s expansion of fund servicing for private debt managers.

Fund services provider Aztec Group has made two senior hires in its private debt division as it seeks to grow its business around the asset class.

James Vella-Bamber joins as group head of private debt and will take responsibility for the ongoing development of the firm’s credit offering. He will oversee relationship management, operations and business development.

He joined Aztec in 2016 at its Jersey offices before relocating to Luxembourg as head of real assets. He previously worked in State Street’s alternative assets division and spent almost a decade at PwC.

Aztec has also hired Peter Brown as head of private debt in Luxembourg. He will have overall responsibility for delivering fund accounting, loan and fund administration services to private debt clients. He will oversee all business development for private debt fund managers setting up structures in Luxembourg.

Before joining Aztec, Brown spent 20 years at RBS in a variety of roles, most recently as head of funds banking in London.

Commenting on the appointments, Vella-Bamber said: “The expansion of our private debt services is a key part of the Aztec Group’s strategy for future growth and we are well-placed to further strengthen the positive client relationships that we have built in recent years.”