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Siepe, a trusted provider of software and technology-enabled services for private credit and Collateralized Loan Obligation (CLO) managers, has announced the addition of two key hires to its leadership team, who will play a crucial role in advancing the development and delivery of optimization capabilities across its products and services. Sean Kelley has been named Product Manager, Optimization, and Andrew Hosford as Technical Lead, Optimization.
“In today’s rapidly changing landscape, optimizing leveraged finance and risk management performance is more critical than ever, especially given the accelerated growth seen in the CLO and private credit markets,” said Michael Pusateri, CEO and Founder of Siepe. “We’re delighted to welcome both Sean and Andrew, whose experience will be invaluable as we further advance our optimization capabilities, empowering our customers to make more timely, informed decisions and drive alpha.”
Sean has more than 25 years of experience in CLO and credit markets. He joins Siepe after spending five years as Head of CLO Data Analytics and Research at US Bank, where he oversaw the expansion of CLO market research and development of new portfolio management and data analytics tools. Prior to that, Sean was Vice President, CLO Management at PPM America, Inc, where he was responsible for defining and developing the CLO operational platform for the firm's re-entry into the market.
"With exponential growth in the CLO and private credit markets in recent years, clients demand solutions that promote efficient investment identification, execution, and servicing," Sean Kelley said. "Siepe delivers for credit managers through its technology-first approach, offering software that the firm itself deploys for its collateral administration and middle office businesses, as well as front office systems designed through close client collaboration. I am extremely excited about how optimization will enhance the already strong Siepe product suite."
Andrew brings a wealth of experience in delivering a wide range of technical and quantitative analytic tools to fund managers for structured finance products. Before joining Siepe, Andrew spent five years at US Bank, where he was most recently Vice President, managing the development of its portfolio engineering tool across the Wealth, Corporate, Commercial and Institutional Banking Innovations Team. Prior to this, Andrew was Assistant Vice President at Bank of America Merrill Lynch, building out risk analysis tools to support the Volcker Trading Desk.
"Rapidly evolving markets increase uncertainty in the investment management and asset allocation space," said Andrew Hosford. "By leveraging our data and technology driven products, Siepe will provide flexible tools for managers to map their current investment landscape, identify the desired future state of their portfolios according to their unique investment strategies, and provide the tools to achieve those outcomes."
The appointments of Sean and Andrew come shortly after Siepe recently expanded its international footprint with the opening of new offices in London, Dublin and Malaysia. These moves have increased the Company’s engagement with the European market, while providing clients with seamless "follow-the-sun" coverage, ensuring crucial overnight operations support, effectively extending the workday to allow for continual processing.
