NLC has hired two professionals with fund finance experience to boost its senior ranks.
The specialist lender has added Tim Steele, a 16-year veteran at AIG, as a partner and investment committee member. Separately, NLC said it has brought on Robby Koreman, who worked at Dutch pension fund PGB, as an investor relations director.
Most recently, Steele was a managing director at AIG and headed the structured alternatives team at a European division of the company. He added fund finance in 2018 as a new asset class and helped build a portfolio of NAV financing and subscription lines with an equivalent value of around $2 billion, NLC noted.
Over his time at AIG, Steele’s responsibilities included structuring, trading and portfolio management. He was also part of the firm’s product development and solutions group.
Koreman is tasked with investor relations and fundraising efforts with European institutional investors. The fund finance lender also said that he will be responsible for portfolio management.
Koreman spent two years at PGB, serving as its treasury and team rates lead and as a portfolio manager for alternative fixed income. NLC noted that he introduced fund finance to PGB as an asset class.
Before working at the pension fund, Koreman was a portfolio manager at insurer Athora Netherlands.