Thomas Segell appointed new CEO of Nordic Credit Partners
Thomas Segell has been appointed new CEO of Nordic Credit Partners ("NCP"). In this role, Thomas will lead and assume the overall strategic, financial and operational responsibility for the company. He will also manage all regulatory affairs and report to the board of directors. Jakob Eliasson, founder and current CEO of NCP, will continue as CIO with overall responsibility for portfolio management.
Thomas joins NCP from hedge fund Nyhavn Capital where he was deputy CEO, COO and served as board member of the Cayman Islands based fund, Nyhavn Global Equity Long Short. Prior to that, he worked for seven years as COO/CFO of hedge fund manager Madrague Capital Partners. Thomas started his career at Carnegie Investment Bank where he spent 15 years, ultimately as Head of Operations.
“Although I have evaluated and worked with many fund managers during my career, I was truly impressed with NCP’s impeccable track-record. I feel excited to get to lead such a professional, diverse and innovative team of market professionals. The fund structures, tailored for the Nordic bond market, and the integrated sustainability approach also makes NCP a perfect partner for professional, long-term investors”, says Thomas Segell, new CEO and partner of NCP.
"The recruitment of Thomas marks another key milestone for NCP on the journey to become the most respected credit investor in the Nordic region. I look forward to a close and dynamic collaboration", says Cecilia Ardström, chairman of NCP’s board of directors.
"After almost ten years, I am very pleased to hand over the CEO duties to such a safe and experienced pair of hands. I look forward to focussing all my time and efforts on the portfolio management as CIO going forward”, says Jakob Eliasson, founder and current CEO of NCP.
Thomas will take up his position on 19 April.
For further information, please contact
Thomas Segell, tel: 073-432 19 08
Cecilia Ardström, tel: 070-162 71 33
Jakob Eliasson, tel: 08-23 11 00
About Nordic Credit Partners
Nordic Credit Partners advises a group of alternative investment funds managed in accordance with the requirements of the Swedish Alternative Investment Managers Act’s (2013:561). The funds are 5 year closed-end funds or evergreen investing in Nordic corporate high yield bonds. The investment strategy is centred around a fundamental value, bottom-up approach based on the board of director’s long-term financial markets experience. The funds target to generate a stable and attractive, risk-adjusted return of 6-9 percent p.a. over time. Each potential investment is evaluated in a thorough and tailored operational, financial and legal due diligence process prior to final approval and subsequently closely monitored throughout the investment period. The funds seek diversification across industries, risk levels and geographies and may apply financial leverage to the portfolio to further improve risk-adjusted return. The funds charge low management fees but apply a performance-based profit-sharing structure where investors are entitled to all profits up to an annual hurdle rate (high watermark) and the remaining profits are attributed 80% to the investors and 20% to the parent company.
The board of directors promotes transparency, openness and cost-control. The funds are operated as Swedish public limited liability companies based in in Stockholm and are registered with, alternatively supervised by, the Swedish FSA.