Pemberton, a leading European private credit manager backed by one of Europe’s largest insurers, Legal & General Group PLC, today announces the appointment of Leticia Ruenes to lead its activities in Spain.
The appointment comes at a time of increased investment opportunities in the Spanish credit market, with direct lending having increased substantially in Spain over the last five years, according to the Deloitte Alternative Lender Deal Tracker1. In 2019 alone, Pemberton completed four deals in Spain, totalling more than €600m, elevating the firm as one of the leading direct lenders in the country.
Leticia joins as Managing Director and Head of Spain, bringing over 17 years of experience in European corporate and credit markets. She most recently worked at The Royal Bank of Scotland (RBS), where she was Head of the European Structured Finance portfolio, overseeing Leveraged Buyouts (LBOs), infrastructure and project finance investments. Prior to this, Leticia held several positions at RBS, including Head of Project Finance Portfolio and Distribution, and Director in the leveraged finance origination team in Spain. Prior to joining RBS in 2003, she was part of the M&A team at ING. Leticia is a CFA charterholder and graduated from Comillas Pontifical University, ICADE in Spain with a double degree in Law and Business Administration.
Symon Drake-Brockman, Managing Partner of Pemberton, said: “We are delighted that Leticia is joining the team in Spain – she is the perfect candidate to help build on our momentum and drive the Spanish business forward. The appointment marks an important step in the development of our origination strategy across Europe, where we now have active presence in eight locations.”
Leticia Ruenes added: “It’s an exciting time to be joining the Pemberton team in Spain, with a great deal of activity in the credit market and direct lending increasing its share. Pemberton has an impressive track record in deploying capital across Europe’s private credit markets. I look forward to working with the team on the ground and helping Pemberton further cement its strong position in the market.”
1 Deloitte Alternative Lender Deal Tracker Autumn 2019
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