His departure is part of a larger review and restructuring of the firm’s product range.
He will join the private placement debt team focusing on asset-backed securities and structured transactions.
He will focus on growing and enhancing the team’s relationships with institutional investors.
District will hear presentations from four finalists on Sept. 28.
They will be responsible for origination, negotiation, structuring and closing of deals.
The current president and ceo announced his intention to retire in January.
The new finance head will extend the firm’s budgeting, planning and reporting capabilities and evaluate growth opportunities.
He will be responsible for research, analysis and development of new strategy and product ideas.
The firm has also hired a new partner from Sixth Street Partners to lead the platform.