December 13, 2017 - After an extensive executive search process run by Egon Zehnder, today the Loan Syndications and Trading Association (LSTA), the trade association for the corporate loan market, announced that Lee Shaiman will be assuming the role of executive director of LSTA beginning in 2018.

Shaiman brings with him more than 30 years of experience, having served in senior roles at ArrowMark Partners, GSO Capital Partners/Blackstone Group, UBS Warburg, and Dillon, Read & Co. His experience ranges from serving as the lead portfolio manager and a member of his previous firms’ investment committees to forming high yield capital markets and syndicate functions to running corporate finance and high yield research functions.

“Lee’s unique and diverse professional experience makes him exceptionally qualified to take the reins as executive director,” said LSTA Chairman of the Board, Brian Callahan of Bank of America Merrill Lynch. “He brings both buy and sell side experience in the loan market, a wealth of knowledge from serving on the LSTA Board of Directors, and a passion for improving and growing the industry.”

Dave Frey, portfolio manager of HPS Investment Partners LLC and former LSTA Chairman, added, “The position attracted an extensive list of high caliber candidates. After an exhaustive process, Lee stood out as the perfect choice given his accomplished loan market experience and the leadership he provided on the LSTA Board. The profile of the LSTA has never been higher, and Lee is the ideal person to lead the LSTA and the loan market through the increasingly complex challenges and opportunities ahead.”

Shaiman shared that he felt honored to receive this appointment and thanked the Board of Directors and LSTA membership for the confidence they have shown in him.

“Over the last 20 years, the LSTA has tackled many challenges to the loan asset class and the marketplace by working to grow the market, increase the investor base, and improve liquidity and market transparency,” said Shaiman. “As a member of the LSTA community, a former board member, a colleague and a friend, I would like to thank Bram for the leadership he has shown and the contribution he has made in growing and strengthening the asset class. I promise to build upon that legacy, and together with the LSTA’s dedicated staff and board, continue to meet challenges, develop initiatives and solve problems on behalf of the membership and the marketplace.”

Shaiman succeeds Bram Smith who announced his retirement earlier this year. Smith is a 40-year veteran of the US loan market and has led the LSTA since September 2008. During Smith’s tenure, the LSTA focused on responding to the financial crisis, working with regulators and Congress, improving settlement times, and promoting the asset class.

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