LSTA announces appointment of Shaiman as new executive director

By Sarah Lizee

Olympia, Wash., Dec. 14 – The Loan Syndications and Trading Association announced that Lee Shaiman will be assuming the role of executive director of LSTA beginning in 2018.

Shaiman brings more than 30 years of experience, having served in senior roles at ArrowMark Partners, GSO Capital Partners/Blackstone Group, UBS Warburg and Dillon, Read & Co.

His experience ranges from serving as the lead portfolio manager and a member of his previous firms' investment committees to forming high-yield capital markets and syndicate functions to running corporate finance and high-yield research functions.

"Lee's unique and diverse professional experience makes him exceptionally qualified to take the reins as executive director," LTSA chairman of the board, Brian Callahan of Bank of America Merrill Lynch, said in the release.

"He brings both buy and sell side experience in the loan market, a wealth of knowledge from serving on the LSTA board of directors, and a passion for improving and growing the industry."

"The position attracted an extensive list of high caliber candidates. After an exhaustive process, Lee stood out as the perfect choice given his accomplished loan market experience and the leadership he provided on the LSTA board,” Dave Frey, portfolio manager of HPS Investment Partners LLC and former LSTA chairman, added.

“The profile of the LSTA has never been higher, and Lee is the ideal person to lead the LSTA and the loan market through the increasingly complex challenges and opportunities ahead."

Shaiman succeeds Bram Smith who announced his retirement earlier this year. Smith is a 40-year veteran of the U.S. loan market and has led the LSTA since September 2008.

LSTA said that during Smith's tenure, the association focused on responding to the financial crisis, working with regulators and Congress, improving settlement times and promoting the asset class.

The trade association for the corporate loan market is based in New York.

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