Alcentra, one of the world's largest managers of private debt with over US$40 billion of assets under management and part of BNY Mellon Investment Management, has announced today the appointment of Jonathan DeSimone as its CEO and to the Alcentra Board of Directors, subject to Financial Conduct Authority (FCA) approval in the UK. This follows the decision by David Forbes-Nixon decision to step down as CEO of Alcentra to focus on his investment responsibilities.

BNY Mellon says that DeSimone brings significant experience to the role, having worked with institutional investors globally to deploy capital into the high yield, leveraged loan, structured credit, private credit, distressed and special situations markets.

He joins Alcentra following a 17-year career with Bain Capital Credit where he was most recently portfolio manager of the Liquid Credit strategy and a member of the Bain Capital Credit Committee. Prior to Bain Capital Credit, Jonathan spent a decade at Bain & Company working with the firm's clients across the consumer, industrial and private equity sectors.

Forbes-Nixon will continue as interim CEO of Alcentra until the appointment is approved by the FCA. DeSimone will join Alcentra immediately as CEO designate and over the next few months will work closely with his predecesssor to ensure a smooth transition of leadership.

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Alcentra, one of the world's largest managers of private debt with over US$40 billion of assets under management and part of BNY Mellon Investment Management, has announced today the appointment of Jonathan DeSimone as its CEO and to the Alcentra Board of Directors, subject to Financial Conduct Authority (FCA) approval in the UK. This follows the decision by David Forbes-Nixon decision to step down as CEO of Alcentra to focus on his investment responsibilities.

BNY Mellon says that DeSimone brings significant experience to the role, having worked with institutional investors globally to deploy capital into the high yield, leveraged loan, structured credit, private credit, distressed and special situations markets.

He joins Alcentra following a 17-year career with Bain Capital Credit where he was most recently portfolio manager of the Liquid Credit strategy and a member of the Bain Capital Credit Committee. Prior to Bain Capital Credit, Jonathan spent a decade at Bain & Company working with the firm's clients across the consumer, industrial and private equity sectors.

Forbes-Nixon will continue as interim CEO of Alcentra until the appointment is approved by the FCA. DeSimone will join Alcentra immediately as CEO designate and over the next few months will work closely with his predecesssor to ensure a smooth transition of leadership.