(Bloomberg) — Shenkman Capital Administration has appointed former skilled basketball participant and entrepreneur Jay Williams to its board of administrators because the agency seems to broaden its presence managing the wealth of high-net-worth people.
Williams joined the board Wednesday, based on a press release from Shenkman. Williams, a former Chicago Bulls basketball participant who was the second total decide within the 2002 NBA draft, co-founded Simatree, a strategic advisory agency targeted on knowledge, analytics and know-how session. He’s additionally an analyst for ESPN’s basketball packages NBA Countdown and Faculty GameDay.
“He has constructed fairly a community of high-net-worth and wealth administration relationships,” stated Justin Slatky, board member and chief funding officer on the agency. “That’s a facet of the market place the place we’ve devoted further focus and assets. Will probably be an enormous space of development.”
Shenkman, which has $30 billion in belongings below administration, specializes within the leveraged finance markets. The agency employs a wide range of methods, together with investments in high-yield, senior secured loans and collateralized mortgage obligations. It primarily works with institutional buyers.
The opposite members of the board embrace founder Mark Shenkman, Victor Rosenzweig and Gloria Penn Thomas.