New Position Highlights Ares’ Commitment to Enhance its Trading Platform
LOS ANGELES–(BUSINESS WIRE)–Ares Management Corporation (NYSE: ARES) announced today that Michael Schechter has joined the firm as Partner and Head of Credit Trading. Based in Los Angeles, Mr. Schechter will oversee the trading of all bank loans, high yield and related credit instruments in the U.S. and Europe. In this new position, Mr. Schechter will work with Ares’ existing senior trading professionals, portfolio managers and management to set and execute Ares’ trading agenda.
“We are pleased to welcome Michael to Ares in his new position as the leader of our Credit Group’s trading team,” said Kipp deVeer, Partner and Head of the Ares Credit Group. “Michael brings extensive knowledge and deep experience within our markets, as well as a broad range of relationships across both buyside accounts and our sell-side counterparties. We believe this will allow us to drive continued growth as a leading, value-added capital markets and trading platform.”
“I am excited to be joining this team of highly talented professionals within one of the strongest credit platforms in the industry. I look forward to working with the broader Ares Credit Group to collaborate and share market intelligence to enhance idea flow and deal sourcing to continue the firm’s leadership across its credit strategies,” said Mr. Schechter.
Mr. Schechter brings more than 16 years of experience in leveraged finance trading, sales and syndicate, most recently having served as Managing Director – Credit Trading for Morgan Stanley. Prior to that, he spent 15 years at Citigroup in various roles including Co-Head of U.S. Leveraged Loan Trading.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager operating three integrated businesses across Credit, Private Equity and Real Estate. Ares Management’s investment groups collaborate to deliver innovative investment solutions and consistent and attractive investment returns for fund investors throughout market cycles. Ares Management’s global platform had $144 billion of assets under management as of September 30, 2019 and employs approximately 1,200 employees in over 20 offices across four continents. Please visit www.aresmgmt.com for additional information.
Bill Mendel, 212-397-1030
Ares Management Corporation
Carl Drake, 800-340-6597
Priscila Roney, 212-808-1185