CIFC splits legal and compliance roles

Alternative credit specialist CIFC Asset Management has split its general counsel and CCO roles and boosted its legal and compliance team with two senior appointments.

Asha Richards, deputy general counsel with the firm, has been promoted to general counsel. The firm also hired Sound Point Capital Management’s former CCO Lily Wicker as CCO and associate general counsel. She will report to Richards.

Richards replaces the outgoing GC/CCO Julian Weldon, who will be leaving the firm in the coming months in order to pursue other opportunities. CIFC said it bifurcated the GC and CCO roles as it continues to grow and navigate an ever-evolving regulatory landscape.

Richards has been with CIFC for seven years, joining in 2015 from CFL Holdings, where she was general counsel and COO. She also spent more than four years as general counsel and chief compliance officer of Brookfield Asset Management’s private funds group.

Wicker spent more than three years at Sound Point, first as deputy CCO and then CCO. She previously worked at Golden Tree Asset Management as deputy CCO and associate general counsel. She also was vice president and compliance officer at Brookfield Asset Management.