BlueBay hires to build new structured credit capability


BlueBay hires to build new structured credit capability

Specialist fixed income manager, BlueBay Asset Management LLP (“BlueBay”), has appointed Sid Chhabra to the newly created role of Head of Structured Credit and CLOs.

Based in London, Mr Chhabra will report to Mark Dowding and Stephen Thariyan, Co-Heads of Developed Markets, and will lead the initiative to establish and manage a new range of BlueBay global structured credit and ABS strategies.

This new capability will be utilised in existing multi asset credit portfolios, as well as in new, innovative stand-alone traditional and alternative strategies. Launches are expected to commence towards the end of the year and in 2019.

Speaking about Mr Chhabra’s appointment and the new capability, Erich Gerth, CEO of BlueBay, said, “Sid will strengthen our existing leveraged finance proposition and, given the range of strategies we plan to launch, will reinforce our position as a firm that sits at the convergence point of alternative and traditional asset managers. Sid has extensive experience in securitised assets, both as an investor and a structurer, and is highly regarded in the industry; therefore he is ideally positioned to grow BlueBay’s business in this area.”

As part of the Developed Markets team, Mr Chhabra will be working closely with colleagues in leveraged finance, utilising extensive global credit analyst resources, in a group which has invested in global leveraged loans for the past 15 years. In addition, BlueBay plans to appoint other experienced individuals to support Sid in building out this capability.

Mr Chhabra has over 15 years of structured credit and CLO experience; most recently he spent seven years as a London based Managing Director, responsible for Structured Credit and CLOs at Anchorage Capital Europe. Prior to this, Mr Chhabra was part of the Structured Credit/CDO Group, EMEA at JPMorgan, where he was involved in structuring, originating and investing in structured credit products.

 

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