3i Debt Management appoints Melissa Tessier as Director
3i Debt Management (“3iDM” or the “Company”) has announced the appointment of Melissa Tessier as a Director, focusing on investor relations in Europe. Her appointment underscores 3iDM’s commitment to expand its business and to focus on client relationships.
Melissa brings strong investor relations experience having worked in similar roles at Bank of America Merrill Lynch and AXA Investment Managers. She will report into Andrew Bellis, Managing Director and Partner, responsible for strategy, investor relations and fund raising. Most recently, Melissa was a senior Director at Cantor Fitzgerald where she focused on origination and distribution of European and US structured credit products.
Jeremy Ghose, Managing Partner and 3iDM CEO commented: “We continue to go from strength to strength as we build a global multi-product debt platform. Our reputation is built on a heritage of strong experience, deep skill-sets and a solid track record and Melissa is no exception to this. We are pleased to have her join our growing team of experienced professionals.”
Melissa Tessier commented: “I am delighted to be joining 3iDM at this exciting time in their development. 3iDM has seen substantial growth in the business in the last 12 months and I look forward to contributing to strengthening their European operations.”
3iDM has grown substantially this year. As at 30 September 2012, Debt Management’s total assets under management were £4.4 billion1 compared to £3.4 billion at 31 March 2012. This demonstrates the strength of our platform and concrete progress against our objective to grow income from third-party assets under management over time.
1 This excludes the recent Jamestown CLO ($450 million AUM) and six CLOs where 3i is seeking investor consent for a transfer of management contracts from WCAS Fraser Sullivan, which would account for £1.5 billion of additional AUM.
For further information please contact:
Kathryn van der Kroft
tel. +44 207 975 3021