European credit firm, LCM Partners has hired Fernando Yanez as managing director. He joins LCM from JPMorgan where he was head of specialty finance and FIG M&A.
Yanez will start with LCM in April and is expected to help build out its opportunity sourcing.
“As a leading figure in European speciality finance, Fernando's sell side expertise means he completely understands what value represents and therefore his transition from investment banking to fund management will be seamless. We are delighted to welcome him on board,” LCM chief executive officer, Paul Burdell said.
Yanez joined JPMorgan in 2005. He is a qualified lawyer and worked for Sidley Austin Brown & Wood before joining the US investment bank.
LCM Partners invests in performing and distressed credit. It has acquired over 1,800 portfolios totalling more than €11 billion at par value.
The firm is a member of the Link Financial Group, a European buyer and servicer of performing and non-performing loans.