GoldenTree puts down roots in Sydney

The New York-based asset manager has appointed former JP Morgan executive Russell Taylor to head up the new office.

GoldenTree Asset Management, which has $25 billion under management across a range of credit strategies, has announced the opening of an office in Sydney, Australia.

The new office is part of the firm’s expansion into Asia Pacific and follows the launch of a Singapore office three years ago. It will be headed by Russell Taylor, who becomes managing director, having previously been managing director and head of institutional sales for Australia and New Zealand at JP Morgan.

“Australia has long been an important market for GoldenTree and we are pleased to establish an on-the-ground presence in the region, which we believe will offer significant benefits to our investors,” said Kathy Sutherland, partner and head of business development at GoldenTree.

Taylor was at JP Morgan for over 30 years holding various management and sales roles across credit derivatives, structured credit, securitisation, loans and rates. Most recently, he managed the bank’s sales team responsible for distribution of credit and alternative products to financial institutions in Australia and New Zealand.

Founded in 2000, GoldenTree manages $25 billion for institutional investors such as pensions, insurance companies and endowments in areas such as high yield bonds, leveraged loans, distressed debt, structured products, emerging markets and credit-themed equities.