ICG announced the appointment of David Saitowitz as Head of US Liquid Credit. He will manage ICG?s US investment strategies focused on syndicated loans and high yield bonds. Based in ICG?s New York office, David will join ICG?s North American credit business, headed by Brian Spenner, which encompasses both private debt and liquid credit strategies and manages in excess of $14 billion (as of 30 September 2023).

Prior to joining ICG, David spent more than a decade at Apollo Global Management, most recently as Partner, Co-Head of US Performing Credit and Head of Industry Research. From 2004 to 2012, he worked at Stone Tower Capital, latterly as a portfolio manager and member of the Fixed Income Investment Committee. David also spent four years at JP Morgan, holding positions in Credit Portfolio Research and Syndicated and Leveraged Finance.

This senior hire reflects ICG?s commitment to continuing to grow its US credit platform. In addition to David, ICG has added three analysts to its liquid credit investment team over the past year.