Pemberton Strengthens Leadership Team With Appointment of Harriet Steel
May 10, 2023
Source: Pemberton
Pemberton, one of the leading alternative credit managers, today announces the appointment of Harriet Steel. She joins the firm as Partner and Head of Global Clients.
In her new role, Harriet will lead the development of the client business globally. She will oversee business development, investor relations, marketing, communications and sustainable investing.
Harriet brings with her over 30 years’ experience in financial services. Most recently, she was Head of Business Development, International, at Federated Hermes also serving as a member of the Executive Committee and a Board Director of the international business.
After joining Hermes Investment Management in 2011, Harriet’s commercial leadership was key to the transformation of Hermes from its origins as the internal asset manager of British Telecom Pension Scheme to an independent investment management business serving more than 800 institutional and distribution clients globally. Her contribution to the growth of the business led to the successful sale of Hermes Investment Management to Federated Investors to become Federated Hermes in 2020.
Harriet started her career in finance holding roles in leading banking institutions including Bankers Trust and Morgan Stanley. She subsequently established Portico Advisors, an advisory business raising assets for Hedge Funds, Private Equity and Real Estate Strategies.
Harriet holds an BA in Architecture from Princeton University.
Over recent years Pemberton has grown from launching three successful direct lending strategies to become a diversified, multi-strategy alternative credit platform, which now includes Working Capital Finance (WCF), NAV Financing (NAV), Risk Sharing (RSS) and CLO’s. The build out of the platform has been supported by a substantial investment into the people resources across the firm.
Symon Drake-Brockman, Managing Partner at Pemberton, said: “Harriet’s extensive experience in financial markets and her strong track record in asset management are invaluable and will be key in supporting the strategic build out of our platform and the global client franchise as we remain committed to deliver leading alternative credit strategies to our clients.”
Harriet Steel, Partner and Head of Global Clients, said: “Pemberton’s impressive growth record, its evolution towards a multi-strategy alternative credit offering and a market environment with opportunity for further growth, make it an exciting time to join. I look forward to working with the team as we look to define Pemberton’s next chapter and deliver continued value to our clients.”
- Ends -
Notes to Editors:
All information is correct at 10 May 2023 unless otherwise noted.
For further details, contact:
In the UK
Viktor Tsvetanov, vtsvetanov@headlandconsultancy.com +44 (0)73 1136 9765
Max Kelly, mkelly@headlandconsultancy.com, +44 (0)75 9012 0533
In the US
Candace Carpenter, ckcarpenter@contextcontentllc.com, +1 817 773 2314
About Pemberton Asset Management
Pemberton Asset Management (‘Pemberton’) is a leading alternative credit specialist. We offer an innovative range of strategies for investors and borrowers built on more than a decade of experience developing market-shaping credit solutions. We provide unrivalled credit analysis through a substantial and independent credit function and a local presence in all our markets. All investments are conducted with a deep focus on sustainability by embedding ESG criteria into our investment processes and monitoring the ESG credentials of our borrowers. We are relentless in creating new opportunities and building open and transparent relationships, bringing clarity to complex credit markets for investors, borrowers and banks.
Disclaimer
The above press release is for information purposes only and it should not be regarded as an offer or solicitation of an offer. We do not represent that this information, including any third-party information, is accurate or complete and it should not be relied upon as such. Investing entails risks, including possible loss of principal. Past performance is not indicative of future results. The information contained in this press release is given at the date of this publication (unless otherwise marked) and is subject to updating, revision and amendment. The opinions expressed reflect the opinion of the named individual and are subject to change without notice.
This document has been prepared and issued by Pemberton Capital Advisors LLP. Pemberton Capital Advisors LLP is authorised and regulated by the Financial Conduct Authority (“FCA”) and entered on the FCA Register with the firm reference number 561640 and is registered in England and Wales at 52 Grosvenor Gardens, London, SW1W 0AU, United Kingdom. Registered with the US. Securities and Exchange Commission as an investment adviser under the U.S. Investment Advisers Act of 1940 with CRD No. 282621 and SEC File No. 801-107757.
Tel: +44(0) 207 993 9300. www.pembertonam.com
Pemberton is a registered trademark. © Pemberton
In her new role, Harriet will lead the development of the client business globally. She will oversee business development, investor relations, marketing, communications and sustainable investing.
Harriet brings with her over 30 years’ experience in financial services. Most recently, she was Head of Business Development, International, at Federated Hermes also serving as a member of the Executive Committee and a Board Director of the international business.
After joining Hermes Investment Management in 2011, Harriet’s commercial leadership was key to the transformation of Hermes from its origins as the internal asset manager of British Telecom Pension Scheme to an independent investment management business serving more than 800 institutional and distribution clients globally. Her contribution to the growth of the business led to the successful sale of Hermes Investment Management to Federated Investors to become Federated Hermes in 2020.
Harriet started her career in finance holding roles in leading banking institutions including Bankers Trust and Morgan Stanley. She subsequently established Portico Advisors, an advisory business raising assets for Hedge Funds, Private Equity and Real Estate Strategies.
Harriet holds an BA in Architecture from Princeton University.
Over recent years Pemberton has grown from launching three successful direct lending strategies to become a diversified, multi-strategy alternative credit platform, which now includes Working Capital Finance (WCF), NAV Financing (NAV), Risk Sharing (RSS) and CLO’s. The build out of the platform has been supported by a substantial investment into the people resources across the firm.
Symon Drake-Brockman, Managing Partner at Pemberton, said: “Harriet’s extensive experience in financial markets and her strong track record in asset management are invaluable and will be key in supporting the strategic build out of our platform and the global client franchise as we remain committed to deliver leading alternative credit strategies to our clients.”
Harriet Steel, Partner and Head of Global Clients, said: “Pemberton’s impressive growth record, its evolution towards a multi-strategy alternative credit offering and a market environment with opportunity for further growth, make it an exciting time to join. I look forward to working with the team as we look to define Pemberton’s next chapter and deliver continued value to our clients.”
- Ends -
Notes to Editors:
All information is correct at 10 May 2023 unless otherwise noted.
For further details, contact:
In the UK
Viktor Tsvetanov, vtsvetanov@headlandconsultancy.com +44 (0)73 1136 9765
Max Kelly, mkelly@headlandconsultancy.com, +44 (0)75 9012 0533
In the US
Candace Carpenter, ckcarpenter@contextcontentllc.com, +1 817 773 2314
About Pemberton Asset Management
Pemberton Asset Management (‘Pemberton’) is a leading alternative credit specialist. We offer an innovative range of strategies for investors and borrowers built on more than a decade of experience developing market-shaping credit solutions. We provide unrivalled credit analysis through a substantial and independent credit function and a local presence in all our markets. All investments are conducted with a deep focus on sustainability by embedding ESG criteria into our investment processes and monitoring the ESG credentials of our borrowers. We are relentless in creating new opportunities and building open and transparent relationships, bringing clarity to complex credit markets for investors, borrowers and banks.
Disclaimer
The above press release is for information purposes only and it should not be regarded as an offer or solicitation of an offer. We do not represent that this information, including any third-party information, is accurate or complete and it should not be relied upon as such. Investing entails risks, including possible loss of principal. Past performance is not indicative of future results. The information contained in this press release is given at the date of this publication (unless otherwise marked) and is subject to updating, revision and amendment. The opinions expressed reflect the opinion of the named individual and are subject to change without notice.
This document has been prepared and issued by Pemberton Capital Advisors LLP. Pemberton Capital Advisors LLP is authorised and regulated by the Financial Conduct Authority (“FCA”) and entered on the FCA Register with the firm reference number 561640 and is registered in England and Wales at 52 Grosvenor Gardens, London, SW1W 0AU, United Kingdom. Registered with the US. Securities and Exchange Commission as an investment adviser under the U.S. Investment Advisers Act of 1940 with CRD No. 282621 and SEC File No. 801-107757.
Tel: +44(0) 207 993 9300. www.pembertonam.com
Pemberton is a registered trademark. © Pemberton
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