Waterfall Asset Management named Patrick Lo and Brian Rebello co-chief investment officers. Lo and Rebello, both partners of the firm, have been influential in Waterfall’s growth and successful investment performance on behalf of its clients over the past 15 years.
“Patrick and Brian have played key roles in Waterfall’s investment efforts and overall evolution since each joined the Firm in its early days,” Tom Capasse, founder and managing partner of Waterfall, said. “They are both capable investors and leaders with highly complementary skills and backgrounds who exemplify the collaboration, intellectual rigor and commitment to delivering for clients that underpins our organization. I could not be more excited about the future of our firm with Patrick and Brian helming our investment team, which, along with our excellent business and operations teams, is stronger than it has ever been.”
“We are thrilled to have Patrick and Brian lead our investment efforts as we continue to grow and evolve to better serve our clients by seeking out differentiated and attractive investment opportunities across geographies and markets,” Jack Ross, founder and managing partner of Waterfall, said.
Lo is a partner at Waterfall with more than 17 years of industry experience. Before joining Waterfall in 2006, he worked as an analyst at Citigroup Global Markets, focusing on origination, structuring and financing of various asset classes of ABS.
Rebello is a partner at Waterfall with more than 22 years of industry experience. Before joining Waterfall in 2010, Rebello was a portfolio manager at Aberdeen Asset Management, and he was a vice president and senior credit previously.
Tom Buttacavoli has stepped down from the chief investment officer role and is in discussions with the firm about potential future opportunities.