May 09, 2016
Doug McDermott to Join Octagon Credit Investors.
New York, NY – Octagon Credit Investors, LLC is pleased to announce that effective May 31, 2016, Doug McDermott will join the firm as a Managing Director of Business Development. In this capacity, Mr. McDermott will be responsible for sourcing and cultivating new business opportunities in partnership with John Dudzik (Managing Director, Business & Product Development) and George Duarte (Managing Director, Business Development). He will also be responsible for coordinating business development efforts with senior management at Conning, Octagon’s majority shareholder.
Mr. McDermott brings more than 18 years of experience in the leveraged loan and high yield bond markets. He most recently served as Managing Director & Head of Loan Sales at Deutsche Bank Securities, Inc. Prior to this, he served as an investment banker in Deutsche Bank’s Financial Sponsors and Leveraged Finance Groups. Before joining Deutsche Bank, Mr. McDermott was an Attorney at Simpson Thacher & Bartlett.
“We are extremely excited to have Doug join the Octagon team,” said Andy Gordon, CEO & Co-CIO of Octagon. “Doug is a well-respected industry veteran who will bring valuable expertise and a unique perspective to our business development and relationship management efforts. We look forward to welcoming him and leveraging his insights as we continue to grow our firm.”
Mr. McDermott added “Joining Octagon is a tremendous opportunity to utilize my business experience in an exciting new capacity, and I look forward to working alongside Andy, John, George and the rest of this outstanding team to build on Octagon’s many successes.” Mr. McDermott holds a B.A. from Lafayette College and a J.D. from Boston College Law School, where he graduated Summa Cum Laude.
About Octagon Credit Investors
Octagon Credit Investors is a leading specialized credit investment management firm. Founded in 1994, the firm has over 20 years of experience managing collateralized loan obligations (CLOs), bank loans and high yield bonds on behalf of institutional and high net worth investors. As of April 30, 2016, Octagon manages $13.3 billion in assets. Octagon’s long-tenured team uses rigorous fundamental credit analysis and a disciplined portfolio management process to identify attractive opportunities across asset classes, sectors and issuers. Octagon is headquartered in New York, New York and employs 48 professionals.
Conning (www.conning.com) is a leading global investment management firm with approximately $103 billion in assets under management as of March 31, 2016.* With a long history of serving the insurance industry, Conning supports institutional investors, including pension plans, with investment solutions and asset management offerings, award winning risk modeling software, and industry research. Founded in 1912, Conning has offices in Hartford, New York, Boston, London, Cologne, Hong Kong and Tokyo.
*Asset total includes Conning, Inc., Conning Asset Management Limited, Conning Asia Pacific Limited, Goodwin Capital Advisers, Inc., Conning Investment Products, Inc. and Octagon Credit Investors, LLC which are all direct or indirect subsidiaries of Conning Holdings Limited (collectively “Conning”) which is one of the family of companies owned by Cathay Financial Holding Co., Ltd. a Taiwan-based company.