Black Diamond Capital Management, L.L.C., a privately-held alternative asset management firm with approximately $8 billion under management, plans to establish an office in London on June 1, 2006, and that Peter J. Cannon will act act the managing director in the UK.
“We see the leveraged loan market in Europe as very robust with excellent growth prospects for us, and we believe that Peter Cannon is uniquely qualified to help us take our presence there to the next level,” said Bill Bokos, senior managing director of BDCM. “We expect to be adding staff to build-out our effort in London in the near term future.”
Cannon brings to BDGB more than fifteen years of senior-level investment management experience in the leveraged loan/structured finance arena, most recently serving as Senior Portfolio Manager at RMF Investment Management (part of the Man Group), where he helped develop its CDO franchise.
He has served a senior fund manager for Merrill Lynch Investment Managers and was director of acquisition finance at Lloyds TSB bank Plc.
Cannon received his Bachelor of Science in Electrical and Electronic Engineering from the University of Salford in 1984 and a Masters in Business Administration from the University of Exeter in 1993.