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Exclusive: CIFC appoints new general counsel

Julian Weldon, who in March was hired as head of corporate strategy, will now also take on two extra titles replacing the previous combined general counsel and chief compliance officer.

CIFC’s head of corporate strategy, Julian Weldon, will also take on the roles of general counsel and chief compliance officer effective 7 August, according to the firm’s website. Robert Milton, CIFC’s current general counsel and chief compliance officer, is leaving the firm, PDI understands. Milton couldn’t be reached for comment.

Weldon joined CIFC in March in a newly created role of head of corporate strategy and has been working on product and geographical expansion for the firm. CIFC, which has a large CLO business, is focused on launching a European CLO business.

Before joining the New York-based credit firm, Weldon held a variety of senior legal roles. Most recently he served as general counsel at Garrison Investment Group, another credit investment manager in New York. Before joining Garrison in 2008, he was senior counsel in the banking department of Allen & Overy in New York and London.

CIFC is a publicly listed relative value credit manager with about $14 billion of assets under management invested in corporate loan-based products. The firm is an SEC-registered investment adviser that is headquartered in New York and was founded in 2005.