UMB Expands Collateralized Loan Obligation (CLO) Division
UMB Bank, a subsidiary of UMB Financial (Nasdaq: UMBF), has expanded its CLO Trustee and Loan Administration team with three industry veterans: Henry Brigham, Willis Hwang, and David Knecht. These new hires bring over 50 years of combined CLO experience to UMB, significantly enhancing the bank's capabilities in the CLO market.
The expansion is part of UMB's strategic initiative to strengthen its position in the CLO market. The CLO business, which is part of UMB's Corporate Trust and Agency Services group, provides trustee and collateral administration services for various investment structures. This move aims to meet the growing demands of both current and future clients in the CLO sector.
UMB Bank, una filiale di UMB Financial (Nasdaq: UMBF), ha espanso il suo team di Trustee e Amministrazione Prestiti CLO con tre esperti del settore: Henry Brigham, Willis Hwang e David Knecht. Questi nuovi assunti portano oltre 50 anni di esperienza combinata nel settore CLO a UMB, migliorando significativamente le capacità della banca nel mercato CLO.
L'espansione fa parte dell'iniziativa strategica di UMB per rafforzare la propria posizione nel mercato CLO. Il business CLO, che è parte del gruppo Corporate Trust and Agency Services di UMB, fornisce servizi di trustee e amministrazione collaterale per varie strutture di investimento. Questa mossa mira a soddisfare le crescenti esigenze sia dei clienti attuali che di quelli futuri nel settore CLO.
UMB Bank, una filial de UMB Financial (Nasdaq: UMBF), ha expandido su equipo de Trustee y Administración de Préstamos CLO con tres veteranos de la industria: Henry Brigham, Willis Hwang y David Knecht. Estas nuevas contrataciones aportan más de 50 años de experiencia combinada en CLO a UMB, mejorando significativamente las capacidades del banco en el mercado de CLO.
La expansión es parte de la iniciativa estratégica de UMB para consolidar su posición en el mercado de CLO. El negocio de CLO, que es parte del grupo de Servicios de Fideicomiso Corporativo y Agencia de UMB, ofrece servicios de fiduciario y administración de colateral para diversas estructuras de inversión. Este movimiento tiene como objetivo satisfacer las crecientes demandas de los clientes actuales y futuros en el sector CLO.
UMB 뱅크는 UMB 금융의 자회사로 (Nasdaq: UMBF), CLO 수탁자 및 대출 관리 팀을 확장했습니다. 세 명의 산업 베테랑, 헨리 브리검, 윌리스 황 그리고 데이비드 크네흐트를 영입했습니다. 이 새로운 고용자들은 UMB에 합쳐서 50년 이상의 CLO 경험을 가져와, 은행의 CLO 시장에서의 역량을 크게 향상시킵니다.
이번 확장은 UMB가 CLO 시장 내 입지를 강화하기 위한 전략적 이니셔티브의 일환입니다. CLO 비즈니스는 UMB의 기업 신탁 및 에이전시 서비스 그룹의 일부로, 다양한 투자 구조에 대해 수탁자 및 담보 관리 서비스를 제공합니다. 이 조치는 CLO 분야의 현재 및 미래 고객의 증가하는 요구를 충족하는 것을 목표로 합니다.
UMB Bank, une filiale d'UMB Financial (Nasdaq: UMBF), a élargi son équipe de fiduciaire CLO et d'administration de prêts avec trois vétérans de l'industrie : Henry Brigham, Willis Hwang et David Knecht. Ces nouvelles recrues apportent plus de 50 ans d'expérience combinée en CLO à UMB, améliorant ainsi considérablement les capacités de la banque sur le marché CLO.
Cette expansion fait partie de l'initiative stratégique d'UMB pour renforcer sa position sur le marché CLO. L'activité CLO, qui fait partie du groupe des services de fiducie d'entreprise et d'agence d'UMB, propose des services de fiduciaire et d'administration des garanties pour diverses structures d'investissement. Ce mouvement vise à répondre aux attentes croissantes des clients actuels et futurs dans le secteur CLO.
UMB Bank, eine Tochtergesellschaft von UMB Financial (Nasdaq: UMBF), hat sein Team für CLO Trustee und Kreditverwaltung erweitert und dabei drei Branchenexperten eingestellt: Henry Brigham, Willis Hwang und David Knecht. Diese neuen Mitarbeiter bringen über 50 Jahre kombinierte CLO-Erfahrung zu UMB, was die Fähigkeiten der Bank im CLO-Markt erheblich verbessert.
Die Erweiterung ist Teil der strategischen Initiative von UMB, um seine Position im CLO-Markt zu stärken. Das CLO-Geschäft, das Teil der Abteilung Corporate Trust and Agency Services von UMB ist, bietet Treuhänder- und Sicherheitenverwaltungsdienste für verschiedene Investitionsstrukturen an. Diese Maßnahme zielt darauf ab, die wachsenden Anforderungen sowohl aktueller als auch zukünftiger Kunden im CLO-Sektor zu erfüllen.
- Expansion of CLO Trustee and Loan Administration team with three experienced industry veterans
- Strategic initiative to strengthen UMB's position in the CLO market
- Enhanced capabilities to meet growing client demands in the CLO sector
- None.
Three industry veterans bring more than five decades of CLO experience to UMB
They join a seasoned team led by Senior Vice Presidents Alex Cormas and Vincent Pham, bringing with them a wealth of expertise that will significantly enhance UMB’s capabilities in the CLO market. They will report to Pham, who is head of CLO Administration.
- Brigham, team manager, leads senior relationship management for the CLO group. Most recently he was with Wilmington Trust as vice president, CLO, Borrowing Base and Loan Administration Services.
- Hwang, relationship manager, supports senior relationship management. His most recent role was vice president – senior relationship manager, CLO Trustee at Wilmington Trust.
- Knecht, team manager, leads CLO business solutions and intelligence. Prior to taking on this role, he was with Wilmington Trust as senior vice president in the CLO Transaction Servicing Team.
“We are thrilled to welcome Henry, Willis and Dave to our team,” said Pham. “With the expansion of our CLO Administration platform, the extensive experience and proven track records they bring are perfectly timed. We are excited to have them on board as we deliver our expanded service offering to the market, meeting the growing demands of both current and future clients.”
The new hires are part of UMB’s strategic initiative to further strengthen its position and customer offerings in the CLO market. The CLO business, which is part of UMB’s Corporate Trust and Agency Services group, provides trustee and collateral administration services for investment managers holding portfolios of loans in CLOs and other structures, including business development companies, borrowing base facilities, private funds and registered funds.
“We are continuing to see a clear and growing desire from investment managers for additional support in this area from their trustees,” said Mark Flannagan, executive director of Specialty Trust and Agency Solutions at UMB. “This trio brings outstanding experience and further cements our commitment to providing clients with the highest level of expertise and service.”
About UMB:
UMB Financial Corporation (Nasdaq: UMBF) is a financial services company headquartered in
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Kaele Palmer: 202.276.2471
Source: UMB Financial Corporation
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