SCIO hires two new directors

The London-headquartered firm has added Barry Lucassen in portfolio management and Eriko Aron in risk management.

European structured credit fund manager SCIO Capital has appointed two new directors. Barry Lucassen will work in the portfolio management team while Eriko Aron will join the risk management group. 

Previously, Lucassen worked at Aeris Capital, a large European single family office, where he assisted the chief investment officer with asset allocation and was responsible for the firm’s trading for six years. He holds a Master’s degree in business administration from the VU University in Amsterdam. In his new role, Lucassen will report to Eric Eastlund, SCIO's head of analytics.

Prior to SCIO, Aron worked for three years at Deutsche Bank AG London, in the credit risk management group covering securitisation and distressed portfolio transactions. Before that, she spent seven years at Ambac Assurance UK, where she was responsible for negotiating and executing European cash and synthetic securitisation transactions. Aron started her career at Bank of Tokyo-Mitsubishi, London, in the derivatives marketing team. She holds a BSc biochemistry degree from Imperial College in London. In her new role, Aron will report to Jason Harris, the executive director of risk.

Jörn Czech, head of business development and investor relations at SCIO, said in a statement: “We are delighted to have the opportunity to expand and further strengthen our core teams by adding Barry and Eriko, each experienced and knowledgeable industry professionals.”

The London-headquartered SCIO team focuses on European asset-backed securities including CMBS, CLO's and CDO's. With the closing of its Partners Fund II at €50 million, SCIO’s assets under management are now approaching $350 million. SCIO is in the advanced stages of developing other fund products.

Greg Branch, chief investment officer at SCIO, told Private Debt Investor last month that the firm was gearing up to launch an SME-specific fund to allow investors to participate directly in this sector.