David is the Co-founder, Chairman and Chief Executive of Alcentra. David also acts as senior portfolio manager of Alcentra's European funds and chairs the Alcentra European Investment Committee. Alcentra is a global sub-investment grade, credit asset manager with $17bn AUM and is the largest institutional loan investor in Europe. Alcentra has been voted the best non-bank loan investor in the Euroweek awards for the last 5 years.
Prior to joining Alcentra, David was the Global Head and Chief Investment Officer of Barclays Capital Asset Management, a wholly owned subsidiary of Barclays Group Plc, which he set up, together with the par loan trading business, after he joined Barclays Capital in 1995. Separately, the par loan trading business set up by David is recognized as the leader in its field, winning the International Financing Review (IFR) award for European Loan Trading in 1999 and 2000.
David was a Director of the Loan Market Association (LMA), and chaired the LMA Valuation Committee from its inception in December 1996 until December 1999. The Valuation Committee, under David's stewardship, developed a weekly loan valuation survey from scratch which has been posted on the LMA website from April 1999 and has been included in a number of major financial publications since then.
From 1992 to 1995, David worked at Bankers Trust where he was a Vice President and head of leveraged loan distribution. At Bankers Trust, he worked on a number of high profile LBOs, the most notable being the £220m leveraged loan for Gardner Merchant Services Group that reopened the European LBO market in 1993. Bankers Trust was the number one arranger of syndicated European leveraged loans during his tenure.
David worked at Chemical Bank from 1987 to 1992, beginning in New York. On returning to London, he worked in the structured finance and loan syndication departments where he was involved in the analyzing, structuring, selling and monitoring of some of the largest European LBOs in the late 1980s, including MFI and Allders.
David graduated from Birmingham University with a BSc (Hons) in Chemical Engineering.
Board Of Directors
Ian FitzgeraldChairman, Anne Ewing, Trudi Clark