HSBC executive joins CORDET credit committee

Kevin Adeson (pictured) brings 20 years of leverage finance experience.

HSBC’s vice chairman of global banking and markets, Kevin Adeson, has been named as a senior advisor and non-executive director on the board of private debt manager CORDET Capital Group, the firm said in a statement.

Adeson will become the seventh member of CORDET’s investment and credit committee, a source close to the firm told PDI. London-based CORDET has been investing from an undisclosed number of managed accounts for institutional investors since July 2014 and Adeson will be involved in the firm’s future credit strategy, he continued.

The firm has a close working relationship with HSBC, alongside other similar banks, and although no formal tie-up has been agreed, Adeson’s appointment will strengthen the HSBC relationship, he added.

Adeson has held his current position at HSBC since August 2013 and will continue to retain the role, PDI understands. In the role, Adeson works closely with HSBC’s priority client relationships and focuses on developing key growth initiatives across business lines, CORDET said in a statement last week.

Prior to HSBC, Adeson was head of leveraged and acquisition finance Europe at Morgan Stanley. He was also a member of Morgan Stanley’s global capital underwriting committee.

Adeson joins several ex-Morgan Stanley colleagues at CORDET including chief executive officer Jakob Lindquist, credit professional Rupert Atkinson and general counsel John Travis. Atkinson’s appointment was announced last month while Travis took up his position in February last year.

Linquist, a Swedish national, was a managing director at Morgan Stanley, and was latterly co-head of the bank’s global financial institutions group in EMEA before his departure in 2012.

“We know Kevin well from our years together at Morgan Stanley and are happy to welcome Kevin to CORDET,” Lindquist said in a statement. “Kevin has a global resume of over 20 years of experience in leverage finance structuring, underwriting and distribution.  His background, judgment and perspective will significantly enhance our capabilities and bolster our governance and investment and credit processes.”

Adeson has been a group general manager at HSBC since January 2012, starting his career with the bank in 2006 as global head of leveraged and acquisition finance. He later became head of global capital financing. In April 2008, he took on the role of global head of principal investments and in January 2011, Adeson became co-head of global banking.