NEW YORK--(BUSINESS WIRE)--GoldenTree Asset Management LP, an investment firm that manages alternative and traditional asset strategies for sophisticated institutional and high net-worth investors, today announced that Joseph Naggar, a partner and head of Structured Products Investments, has been appointed to the firm’s Executive Committee.
In making the announcement, GoldenTree Chief Investment Officer Steve Tananbaum said, “Joe is a key member of the GoldenTree team. Since joining us approximately four years ago, he has built an enviable structured products capability and a leading investment team that continues to source and create value for our clients. Joe’s appointment to the Executive Committee recognizes his valuable contributions to our franchise.”
Mr. Naggar joined GoldenTree in October 2007 as Head of Structured Products. Prior to joining GoldenTree, Mr. Naggar spent 12 years in various capacities related to the collateralized debt obligations, leveraged loans and the broad range of structured product markets.
Most recently, he served as a Managing Director in Morgan Stanley’s Global Principal Credit Group where he was responsible for collateralized loan obligations (CLO) trading and high yield loans. Previously he ran global trading and US capital markets for CDOs at Morgan Stanley.
Mr. Naggar holds an MBA from MIT’S Sloan School of Business with a concentration in Financial Engineering and a B.S. from Pennsylvania State University in Mechanical Engineering through the University Scholars program.
About GoldenTree Asset Management
GoldenTree Asset Management, an investment advisor with offices in New York, London, Luxembourg, and Seoul, invests in bank debt, high yield bonds, distressed debt, real estate and equities. GoldenTree manages approximately $13.5 billion as of April 1, 2011, and the firm has 180 employees. For further information regarding GoldenTree, please visit their Web site at http://www.goldentree.com.