Khullar steps up
Global bank Citi has appointed Ashu Khullar head of Asia Pacific capital markets origination. He will be based in Hong Kong and report locally to Tyler Dickson, head of capital markets origination and regionally to Patrick Dewilde, head of markets and securities services Asia Pacific.
Khullar started his career with Citi in India and has been based in London with the bank since 1996, working in capital markets, client coverage and corporate banking roles including as co-head of EMEA corporate banking.
During a 29-year career, Khullar has led complex financings across the credit spectrum including acquisitions, restructurings, corporate spin-offs, structured financings and infrastructure financings.
MacKenzie swaps BAML for UBS
Bruce MacKenzie has joined UBS in London as a managing director in EMEA leveraged capital markets. He was previously European head of leveraged capital markets at Bank of America Merrill Lynch in London and prior to that spent 10 years at Deutsche Bank.
At UBS, MacKenzie will work alongside Abudy Taha on loans and high-yield bonds and will report to David Slade, global co-head of leveraged finance. His hire follows UBS’ recent recruitment of Damien Hedderwick as a director from Credit Suisse to the European LCM business.
UBS was one of the banks which led the debt financing on the €5 billion-plus buyout of German drugs firm Stada by Bain Capital and Cinven.
Bioenergy expert heads to Prestige
UK-based fund manager Prestige Funds has appointed Dr Phil Hobbs to its Cambridge-based specialist finance arranger, Privilege Finance.
Hobbs will focus on optimising new and under-performing digesters in the agricultural and food waste industries. Hobbs was previously head of bioenergy in a research institute where he developed new ideas for automated optimisation and monitoring of biogas and fermentation processes.
Having been established 10 years ago, Prestige has raised over $1.5 billion for its secured lending strategies, specialising in providing commercial finance to small companies in the UK.
Debt trio promoted at law firm
Three debt finance specialists are among a large number of promotions to partner made by law firm Kirkland & Ellis.
The three promoted as from October 1 were Aaron Berlin in the Chicago office, David Couper in Hong Kong and Christopher Wall in London.
Couper was previously in the banking & projects team at Linklaters from 2011 to 2016, while Wall previously worked for Clifford Chance in London and Hong Kong.