CORDET hires former Morgan Stanley executive

London-based Rupert Atkinson will develop the overall credit team for the group while the firm’s chief credit officer joins the supervisory board of the Swedish Private Equity & Venture Capital Association.

Alternative lender CORDET has hired Rupert Atkinson to its credit team.

Based in London, the former Morgan Stanley executive will focus on assessing corporate credits, primarily unrated. He will develop the overall credit team within CORDET and report to the chief executive, Jakob Lindquist.

Lindquist said in a statement: “I have worked closely with Rupert for nearly two decades. With more than 25 years’ experience analysing European corporate credits, Rupert will significantly enhance CORDET’s credit team and enable CORDET to broaden our UK and Continental Europe origination, credit assessment and loan execution platform. We are pleased to welcome him to the team.”

Meanwhile, chief credit officer Björn Börjesson, has joined the newly created supervisory board of the Swedish Private Equity & Venture Capital Association. The board was established to supervise the implementation of the association’s new private equity code of conduct.

Atkinson spent 18 years at Morgan Stanley, ten as a managing director. For 15 years, he led the European credit and ratings advisory group. In this capacity, he and his team advised a wide variety of corporates on their relationships with the leading international rating agencies. The team also served the leveraged and acquisition finance group within Morgan Stanley’s EMEA global capital markets, by providing credit assessments and rating estimates for non-investment grade debt.

Initially hired by Morgan Stanley’s credit department, Atkinson also served as chairman of the international industrials credit committee for a number of years, assigning and maintaining internal ratings for the purpose of managing counterparty credit risk. Prior to his time at Morgan Stanley, Atkinson worked for eight years at rating agency Standard & Poor’s as a European corporate analyst.

CORDET Capital Partners was founded in 2013 and has offices in London and Stockholm. The firm provides private debt, direct lending and alternative funding solutions to mid-market companies in Northern Europe.