Private credit might be less attractive than it was last year as investors rush into the market, but there are sweet spots to be found.
Gleeson will head integration, documentation and client technology and data services, with the intention of developing Merrill LynchÆs global markets financing and services platform in Asia. In addition, he will also help manage relationships with Merrill LynchÆs hedge fund client base.
ôWeÆve taken a lot of new client business in Hong Kong this year, and wanted to get new staff members like Jamie in now in order to hit the ground running in 2007,ö says Merrill LynchÆs Asian prime brokerage supremo Melvyn Ford, managing director of global equity financing and services. ôWeÆve hired more than ten new members of staff in 2006 and have planned for a 25% increase in overall team numbers for 2007. ThereÆs no sign of a slowdown in hedge-fund expansion in this part of the world, and our pipeline looks very strong.ö
Gleeson has worked at an impressively diverse range of Wall Street houses. He joins from Lehman Brothers, where he was a vice president in capital markets prime services. Lehman has not yet announced his successor. Before that, he held positions on the Asian sales trading desk at Goldman Sachs and the convertible bond division at Morgan Stanley, both of which in London.
He holds a Bachelor of Science in politics and modern history from Brunel University, which is located in Uxbridge, England, and was formerly known as Acton Technical College.
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Hesitancy aside, institutional investors eye Australia and Japan as promising geographies for private debt investments within Asia Pacific, with Greater China and Korea on the periphery.
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