Waterfall Asset Management has named its head of asset-backed securities strategy as co-chief investment officer (Co-CIO).
In this role, Keerthi Raghavan and current Co-CIO Brian Rebello, will oversee and direct all investment activity at the firm.
Raghavan is a partner at the firm and a member of the investment committee. Prior to joining Waterfall in 2014, he was a director for CMBS credit trading and head of CMBS research at Barclays Capital.
Read more: Waterfall AM extends partnership with mortgage servicer Onity Group
Waterfall is an alternative investment manager focused on specialty finance opportunities within asset-backed credit, whole loans, and real assets, with around $12.5bn (£9.7bn) of assets under management.
“Keerthi has been a key contributor since joining Waterfall in 2014,” said Jack Ross, founder and managing partner at Waterfall. “His leadership is evident across all facets of the firm, from delivering an exceptional investing experience to clients, to contributing and executing firm strategy.”
Read more: Waterfall AM provides £100m facility to UK sub-prime consumer lender
Raghavan replaces Patrick Lo, who is resigning after 19 years at Waterfall.
“Patrick made important contributions to Waterfall during his long tenure with the firm, which are all deeply appreciated,” said Thomas Capasse, founder and managing partner of Waterfall. “He’s been a great colleague and friend, and we wish him continued successes in his future endeavours.”
Read more: Funding Circle extends Waterfall partnership with £1bn of new funding
