Steve Hickey, chief risk officer at CVC Credit Partners (CVCCP), has lured two former colleagues from investment bank Goldman Sachs, the firm confirmed in a statement.
Mark DeNatale and Scott Bynum have joined their former colleague Hickey, who moved to the debt arm of buyout firm CVC Capital Partners from Goldman in April last year. CVCCP was launched as CVC Cordatus in 2006 and has since expanded significantly. Last year, CVC Capital Partners sold a 10 percent stake in itself to a trio of sovereign wealth funds, proceeds from which were used to expand the credit business. It also announced a tie-up with US manager Resource America to combine Apidos Capital Management with CVC Cordatus last June.
DeNatale, who joins CVCCP as a partner, senior portfolio manager and global head of trading, will also sit on the firm’s operating board. He spent 17 years at Goldman where he was a managing director and head of loan trading, managing risk across distressed, stressed and performing credit, the statement said. He also developed the bank’s European loan trading platform.
Bynum joins as a managing director and portfolio manager after seven years at Goldman, where he was a vice president in the bank loan distressed investing unit.
Hickey said CVCCP would be expanding its product offerings this year, and added: “I am delighted to be working with both Mark and Scott again. Mark has a truly global perspective and brings extensive management experience as well as, sourcing, investing and trading expertise to our growing platform. Scott is rejoining his former colleagues and will add valuable sourcing and investment experience across the credit spectrum.”