03 September 2020
Jonathan DeSimone Appointed New CEO of Alcentra
LONDON, September 3, 2020 – Alcentra, one of the world’s largest managers of private debt with over US$40 billion1 of assets under management and part of BNY Mellon Investment Management, announced today the appointment of Jonathan DeSimone as its CEO and to the Alcentra Board of Directors, subject to Financial Conduct Authority (“FCA”) approval in the UK. This follows David Forbes-Nixon’s decision to step down as CEO of Alcentra to focus on his investment responsibilities.
Jonathan brings significant experience to the role, having worked with institutional investors globally to deploy capital into the high yield, leveraged loan, structured credit, private credit, distressed and special situations markets. He joins Alcentra following a 17-year career with Bain Capital Credit where he was most recently portfolio manager of the Liquid Credit strategy and a member of the Bain Capital Credit Committee. Prior to Bain Capital Credit, Jonathan spent a decade at Bain & Company working with the firm’s clients across the consumer, industrial and private equity sectors.
David will continue as interim CEO of Alcentra until Jonathan’s appointment is approved by the FCA. Jonathan will join Alcentra immediately as CEO designate and over the next few months will work closely with David to ensure a smooth transition of leadership.