The COVID-19 pandemic is historically unprecedented, but its effects on the financial world are not wholly unique. Hugh Larratt-Smith uses the turn of the 20th century as a historical parallel and speaks with several prominent members of the asset-based lending community to get their thoughts on how the market will develop during the second half of 2021 as the pandemic (hopefully) recedes.
Ryan Luke rejoined Trimingham as managing director of the firm’s office in Portland, OR. Luke, who rejoined after 10 years away from the company, is responsible for Trimingham’s turnaround management practice in the Pacific Northwest.
Sarita Jha, CFA, joined Trimingham’s London office to lead its restructuring practice in the UK, Europe and the Middle East. Jha previously worked for UniCredit Principal Investments for 10 years.
Olivia Robinson joined Trimingham’s Salt Lake City office as a forensic specialist. Robinson will assist clients in identifying and tracking suspicious activities and provide actionable results for litigation support.
Institutional investors, under pressure to deploy funds, have resorted to taking on even more risk. Hugh Larratt-Smith examines the proliferation of covenant-lite loans in the market and their implications for the industry.
Steve Karpenko will rejoin Trimingham as a managing director in the firm’s Short Hills, NJ office. Karpenko spent the past eight years in supply chain management in the private sector.
Ted Galovan has rejoined Trimingham as managing director of its Western Division based in Salt Lake City after spending the past 10 years in private industry.
The U.S. economy is booming and while commercial banks are still restrained by regulations, nonbank lenders are in high gear. Hugh Larratt-Smith takes an in-depth look at the current economic situation as 2019 looms ahead and says it may be time for lenders to slow down.