Boutique manager hires investment banking expert
By Karen Vergara / Financial Standard – 01 August 2019
The former managing director of RBC Capital Markets has left to join an alternatives asset manager with $4.6 billion of funds under management.
Metrics Credit Partners has hired Hamish Mitchell as investment director to lead its loan origination activities in Victoria after heading RBC’s leveraged finance business for about a year. Mitchell has relocated from Sydney to Melbourne for the new role.
His prior experience includes working in executive roles within leveraged finance and investment banking at Goldman Sachs for 11 years. He was also a manager at NAB within corporate banking, and leveraged and acquisition finance.
MCP also announced three other hires in a bid to expand.
Jake Muspratt, Paul Wilkinson and Tim Addison will help the non-bank corporate lender in the areas of project and infrastructure transactions, corporate lending and commercial real estate assets.
Addison also joins as an investment director. He previously served in senior roles at ANZ for more almost 12 years, most recently as a director of credit property, as well as research and analysis for institutional property.
Muspratt and Wilkinson take the roles of investment associate at MCP, having recently worked at Westpac and NAB respectively.
Managing partner Andrew Lockhart commented: “As lower interest rates weigh on yields, the listed and unlisted funds we offer provide attractive options for investors seeking to add alternative sources of income balanced with capital preservation to their portfolios.”
Expanding the firm points to increased investor demand for capital stable investments, he said, which provide regular income, and diversified exposure to private credit markets that were previously inaccessible to both wholesale and retail investors.
MCP launched its first fund, the Partners Diversified Australian Senior Loan Fund, in 2013. It expects to have more than 40 staff members by the end of 2019.