Declan Tiernan Joins Oak Hill Advisors' London Office As Managing Director
NEW YORK and LONDON, May 16, 2012 /PRNewswire/ -- Oak Hill Advisors, L.P. ("OHA") today announced that Declan Tiernan has joined the firm as Managing Director in the client coverage group. Based in London, Mr. Tiernan shares responsibility for managing investor relationships and marketing the firm.
Mr. Tiernan is OHA's first client coverage specialist in its growing London office and will focus primarily on investors based in Europe and the Middle East. Approximately 30% of the firm's $13.6 billion of capital currently comes from investors in these regions.
Bill Bohnsack, President of OHA, said, "We are very pleased to have Declan as a senior member of the OHA team. Given the growth of our European office, it is important for us to have a client coverage professional with his deep experience in the credit markets closer to our European and Middle Eastern investors. Declan will help us to better service and deepen our relationships with existing clients while broadening our outreach to other investors."
Mr. Tiernan said, "I have known OHA for many years, and I am delighted to be a part of a team with its reputation and strong investment capabilities in the performing and distressed credit markets in both Europe and North America. I look forward to working with OHA's diverse investor base and helping as it increases its global presence."
Prior to joining OHA, Mr. Tiernan was Managing Director and head of alternative fund distribution at UBS Investment Bank. He previously worked at Deutsche Bank and HSBC where he was responsible for marketing structured and alternative credit products to European and Middle Eastern investors. Mr. Tiernan holds a B.Sc. in Applied Mathematics and Physics and a Ph.D. in Theoretical Physics, both from Queen's University, Belfast where he currently serves as a Member of Senate, and sits on the University's Honorary Degrees Committee.
About Oak Hill Advisors
Oak Hill Advisors is a leading independent investment firm specializing in leveraged loans, high yield bonds, structured products, distressed securities and turnaround investments. The firm's investment activities are focused on the North American and European markets. With more than $13.6 billion of capital, OHA manages distressed funds, credit hedge funds, customized accounts and other specialty credit funds. OHA employs a fundamental value-oriented strategy focused on credit analysis, relative value and active risk management that has been in place for more than two decades. The firm invests on behalf of investors globally, including pensions, sovereign wealth funds, insurance companies, foundations, endowments, fund of funds and family offices. For further information about Oak Hill Advisors, please visit www.oakhilladvisors.com.
Contact:
James David
Kekst and Company
+1-212-521-4825
james-david@kekst.com
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