Pemberton Deepens European Loan Origination Capability
Pemberton, the asset manager providing long-term financing to European mid-market companies, today deepens its loan origination capability further with the hiring of market veteran Thomas Duetoft.
Pemberton, the asset manager providing long-term financing to European mid-market companies, today deepens its loan origination capability further with the hiring of loan market veteran Thomas Duetoft.
Pemberton, with institutional backing from UK insurer, Legal & General, provides loans to companies in the mid-market sector across Europe. It connects them with quality institutional investors that are looking for the best way to deploy their long-term capital.
Duetoft has more than 20 years’ experience of loan sourcing and distribution in Europe at Citibank, Dresdner Kleinwort Wasserstein and Royal Bank of Scotland. As Head of Origination, Duetoft, a Danish national, will lead Pemberton’s investment sourcing team across Europe, which is focused in particular on the UK, Germany, France, Benelux, Italy and Spain.
[See full biography below.]
European borrowers want financing partnerships with people who know and understand their businesses and who are present in their local markets. Investors seek the same characteristics when working with managers to help them identify quality destinations for their long-term capital. The arrival of Thomas significantly deepens Pemberton’s capability to originate quality loan opportunities in the European mid-market sector.
Thomas has extensive relationships with companies, banks and other intermediaries across Europe as well as great expertise in understanding businesses and assessing credit.
– Symon Drake-Brockman, Managing Partner at Pemberton
What particularly attracted me to Pemberton was how the firm has brought together a highly experienced team which blends deep investment management, banking and credit expertise focused on the European mid-market. I will be working closely with the team to grow Pemberton’s on-the-ground origination in the UK, Germany, France, the Benelux and the Nordics. We believe there are over 18,000 companies across Europe in our potential target market.
– Thomas Duetoft, Head of Origination at Pemberton
Biography: Thomas Duetoft, Head of Origination for Europe and UK & Ireland
Thomas Duetoft has more than 20 years’ experience of loan and credit sales and sourcing in Europe and Asia, working for some of the largest providers of credit to corporates. He spent five years at Dresdner Kleinwort Wasserstein, where he created and led its loan sales and trading business. In 2006, he joined RBS in a similar role to create a broad loan origination platform. Following a two-year stint focusing on credit sales and trading for RBS in Singapore, he returned to the company’s London office to become the head of loan sales and sourcing in 2010, identifying sellers of underperforming assets. Most recently, he was the Head of Fixed Income of Anoa Capital, a commercial partner of the Sapinda Group.
John Doyle joins Pemberton from Siemens Bank in London, where he led its European Leveraged Finance business, underwriting loans for mid-market companies. During his 18-year career, he was also the Head of Leveraged Portfolio Management Europe for Dresdner Kleinwort and latterly Head of Credit Trading in the DKIB legacy unit. His experience includes loan origination, capital structure negotiation, syndication, corporate credit issues and underwriting.
