CBAM poaches AXA exec to launch European arm

The US-based investor has hired Jean-Philippe Levilain to launch a European business as part of its global ambitions.

New York-headquartered credit manager CBAM Partners has hired a former AXA Investment Managers executive to launch a European business.

Jean-Philippe Levilain joins CBAM from AXA IM, where he was global head of loans and private debt.

He brings more than 20 years’ experience in European credit investing at AXA IM and BNP Paribas. He joined AXA IM in 2005 in Paris as a senior portfolio manager and became leader of its European high-yield loan team in 2010. At BNP Paribas he was a loan trader and credit analyst.

CBAM launched in 2016 and has $11.4 billion of assets under management across CLOs, private funds and separately managed accounts. It is now expanding its offering to include both US and European credit strategies.

In February, the firm closed its most recent CLO – its ninth – at $602 million.

Don Young, co-founder and partner at CBAM, said: “CBAM’s global expansion is essential as we broaden and deepen our investment capabilities in response to increasing client interest.”

CBAM said it intended to grow into a global credit investor serving clients across the world.