NEW YORK & LONDON–(BUSINESS WIRE)–ICG, the global alternative asset manager, today announced the appointment of David Saitowitz as Head of US Liquid Credit. He will manage ICG’s US investment strategies focused on syndicated loans and high yield bonds. Based in ICG’s New York office, David will join ICG’s North American credit business, headed by Brian Spenner, which encompasses both private debt and liquid credit strategies and manages in excess of $14bn (as of 30 September 2023).
Prior to joining ICG, David spent more than a decade at Apollo Global Management, most recently as Partner, Co-Head of US Performing Credit and Head of Industry Research. From 2004 to 2012, he worked at Stone Tower Capital, latterly as a portfolio manager and member of the Fixed Income Investment Committee. David also spent four years at JP Morgan, holding positions in Credit Portfolio Research and Syndicated and Leveraged Finance.
This senior hire reflects ICG’s commitment to continuing to grow its US credit platform. In addition to David, ICG has added three analysts to its liquid credit investment team over the past year.
Brian Spenner, Head of North American Credit at ICG, commented:
“David’s appointment demonstrates ICG’s dedication to building out our global liquid credit capabilities. He brings a depth of experience in fundamental credit research and the traded credit markets. I am delighted to be working with him, and am confident that his expertise and experience will prove invaluable as we continue to scale ICG’s US credit business.”
David Saitowitz, Head of US Liquid Credit at ICG, added:
“ICG has outstanding global reach in credit markets, and I look forward to working with the existing team as we continue to capitalize on the significant growth the US team has achieved to date.”
About ICG
ICG provides flexible capital solutions to help companies develop and grow. We are a leading global alternative asset manager with over 30 years’ history, managing $81bn of assets and investing across the capital structure. We operate across four asset classes: Structured and Private Equity, Private Debt, Real Assets, and Credit.
We develop long-term relationships with our business partners to deliver value for shareholders, clients and employees, and use our position of influence to benefit the environment and society. We are committed to being a net zero asset manager across our operations and relevant investments by 2040.
ICG is a member of the FTSE 100 and listed on the London Stock Exchange (ticker symbol: ICP). Further details are available at www.icgam.com. You can follow ICG on LinkedIn, X (Twitter) and Instagram.
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M. +44 7714 459 949
Email: Catherine.Armstrong@icgam.com
