Pemberton’s big plans aided by new hire

Credit veteran Ben Gulliver will be involved in the firm’s launch of new strategies over the coming months.

Pemberton, the London-based fund manager backed by Legal & General, has hired a portfolio manager in the form of ex-ANZ Bank senior executive Ben Gulliver.

Gulliver spent four years at ANZ Bank as global head of credit trading, having previously worked for eight years at Royal Bank of Scotland, where he led the RBS Special Situations Group and was head of credit for Europe and Asia.

Overall, Gulliver brings 17 years of experience in the global credit markets to the new role, which will see him work with existing team members on the development and launch of new strategies over the coming months.

In an exclusive interview with Private Debt Investor’s September issue, Pemberton managing partner Symon Drake-Brockman spoke of the firm’s plans to launch two new strategies in Q4 2016 and then two further ones in Q1 2017.

Subsequently, the firm revealed that it had launched its UK Mid-Market Direct Lending Strategy with a first close scheduled by the end of this year and an ultimate aim of raising £500 million.

“Ben’s joining is a further sign of our ambition and our belief in the opportunity we are building at Pemberton for investors,” said Drake-Brockman. “He brings a wide-ranging, deep understanding of the credit industry and an excellent eye for managing risk.”