This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Dec. 20, 2012 /PRNewswire/ -- CIFC Corp. (NASDAQ: DFR) ("CIFC") today announced that
John Wu has joined the firm as Managing Director and Portfolio Manager focusing on structured investments. Mr. Wu brings 16 years of financial industry experience with structured products expertise, particularly in structured credit and collateralized loan obligations ("CLOs").
"We are delighted for John to join CIFC. John brings a strong structured products background which complements our highly experienced fundamentals-based credit team," said
Steve Vaccaro, Chief Investment Officer. "John will be instrumental in our structured credit investments, and a key part of our growth plan through his involvement in diversifying our credit platform."
"I am very excited to join CIFC," said Mr. Wu. "CLOs continue to offer a compelling risk-adjusted return and current yield using portfolios that comprise primarily of senior secured loans. As one of the largest issuers of CLOs in 2012, CIFC is well positioned to meet the increasing investor demand for such solutions in 2013. CIFC's strong credit culture and focus on delivering value to investors across multiple products and investment solutions drew me to the firm. I look forward to being part of its future as CIFC continues to leverage its proven credit expertise in new ways and grow its platform."
Prior to joining CIFC, Mr. Wu was head of CLO structuring at UBS. Prior to joining UBS in 2011, Mr. Wu ran asset side new product development at China International Capital Corporation (CICC), a major Chinese investment bank. Previously, Mr. Wu spent 7 years at Deutsche Bank from 2003 to 2010, covering CLOs and other structured products. He had various roles at Deutsche Bank in both structuring and trading. Mr. Wu began his investing career at Sanford Bernstein in 1995 and worked in the Credit Derivatives group at Goldman Sachs from 2000 to 2003. Mr. Wu holds an MBA from the
MIT Sloan School of Management and a B.S. in electrical engineering and computer science from