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Onex (TSX:ONEX) appoints Co-Heads of Onex Credit

Finance
TSX:ONEX
27 June 2022 14:15 (EDT)

Source: ONEX Corporation

Onex (ONEX) has appointed Ronnie Jaber and Sandeep Alva as Co-Heads of Onex Credit.

Jaber and Alva are proven leaders within Onex Credit and have played a critical role in the business. They will oversee strategies within their respective areas of investment expertise, while leading together on Onex Credit strategic and growth initiatives.

Bobby Le Blanc, President of Onex commented on the appointment.

“Ronnie and Sandeep are seasoned and successful investors with a strong vision for the future of Onex Credit. As innovative and collaborative leaders, I am confident they will drive results for our investors, partners and employees.”

Jaber will oversee structured credit and CLOs, as well as liquid and opportunistic strategies. Alva will continue to have responsibility for direct lending, mezzanine and structured equity.

Jaber joined Onex Credit in 2020 to focus on growing the firm’s structured credit offering, which includes its global CLO platform. He has nearly 20 years of industry experience focused on leveraged, structured and opportunistic credit globally as well as shaping macro strategy.

Alva joined Onex in late 2020 through the acquisition of Falcon Investment Advisors, which he founded in 2000. He has more than 35 years of industry experience focusing primarily on mezzanine and private equity investments.

Onex is a private equity investor and asset management firm. It operates in two main segments: investing and asset and wealth management.

Onex Corporation (ONEX) was down 0.68 per cent, trading at C$65.25 at 1:50 pm ET.

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