Prudential Fixed Income adds leveraged finance co-head Cignarella

By Tali David

Minneapolis, Nov. 19 - Prudential Fixed Income will make Robert Cignarella co-head of global leveraged finance in January, according to a press release.

He will be responsible for leading the leveraged investment management effort together with Paul Appleby, managing director and current head of Prudential Fixed Income's leveraged finance team.

Cignarella has more than 20 years of experience in leveraged finance, Appleby said in the release.

Cignarella, who was a managing director and co-head of high yield and bank loans at Goldman Sachs Asset Management, also held positions as high yield portfolio manager and high yield and investment grade credit analyst. Earlier, he was a financial analyst in the investment banking division of Salomon Brothers.

The global leveraged finance team includes the U.S. and European high-yield bond and bank loan sector teams overseeing more than $33 billion of global leveraged finance.

Prudential Fixed Income is a Newark-based provider of financial products and services. It is an investment business of Prudential Financial, Inc.

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