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Komfie Manalo, Opalesque Asia:

Alternative asset management firm Black Diamond Capital Management is strengthening its structured products business development with the appointment of Andy Phelps to head the unit. The firm has over $6.5bn in assets under management.

In a statement, Black Diamond said that Phelps would join the company from Natixis where he served as global head of Structured Credit Syndication. Phelps will be based in Black Diamond's Greenwich, Connecticut office.

Black Diamond's Managing Principal Stephen H. Deckoff commented on the appointment, "We are excited to have Andy join the Black Diamond team as part of our ongoing commitment to our structured products business. Andy has been a key partner on a number of prior Black Diamond CLOs and will strengthen relationships with our global investors in his new role with the firm."

Phelps expressed excitement working for Black Diamond. He stated, "With 20 years of successful involvement in managing structured products, Black Diamond continues to seek out superior performance and its disciplined approach to investing is a great foundation from which to build. I look forward to working with the team to help achieve the firm's long-term goals."

Phelps has over 16 y......................

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