SCIO boosts team

The London-headquartered structured credit fund has hired Kevin Flaherty as its new head of syndicate.

European structured credit fund SCIO Capital has hired Kevin Flaherty as its new head of syndicate, according to a statement.

Flaherty will work closely with SCIO’s co-founders Greg Branch, chief investment officer and Saul Greenberg, chief risk officer, to identify new opportunities in European structured credit.

Previously, Flaherty co-founded and was managing partner at a multifamily housing investment fund focused on the Miami mid-market called Trimast Capital. He also worked at Deutsche Bank AG London as head of structured product syndicate for Europe, Asia and Europe for 11 years. Before that he worked at Barclays Capital on the ABS trading and research team for seven years.

Branch said: “We are excited because Kevin and I worked together for many years on the ABS European desk at Deutsche Bank and we know the significant relevant experience and fresh thinking that Kevin has and will bring to SCIO, at a time when the tide is turning for ABS. Central banks have joined the call for revised regulations to rejuvenate the ABS market and if enacted, we see potential for a significant price rally and a restart of the primary market.”

SCIO has $338 million AUM with the launch of Partners Fund II and a new CMBS managed account for a global speciality insurer and reinsurer. Funds advised by SCIO have achieved annualised returns in excess of 20 percent, according to a statement.