Pemberton is expanding its receivables and supply chain finance team by hiring two professionals to strengthen its fundraising and deal-origination activities.
Jean Tournaire and Mark Darell-Brown will join partner and senior portfolio manager Phil Ashdown on the receivables and supply chain finance team Pemberton set up last year when it hired Ashdown.
Tournaire joins from Santander Corporate and Investment Banking UK where he was head of structured trade and working capital solutions. He has more than 20 years of industry experience. Before joining Santander in 2009 he was head of commodity finance at Natixis Brazil. At Pemberton he will be responsible for deal origination and portfolio management.
Darell-Brown has experience in the trade receivables sector and was most recently a founder of Tostock Capital, which provides institutional investors with opportunities in trade and supply-chain finance. He will take on a consultancy role at Pemberton and be responsible for business development and investor relations.
Pemberton said its strategy had attracted a cornerstone commitment from Legal & General and that it had formed a strategic alliance with servicer Global Supply Chain Finance.
Pemberton’s managing partner, Symon Drake-Brockman, said: “We believe there is a significant opportunity in improving investors’ access to this complex market, where institutional investors traditionally have come up against the dominance of the banking community, and in catering to the massive demand from corporates for alternative cashflow financing solutions. These appointments represent a clear signal of our intention to invest in and grow this asset class.”