SCIO Capital appoints strategic adviser
SCIO Capital (SCIO), a London-based direct lender providing secured loans to European borrowers in the underserved sub EUR25 million market segment, has appointed industry veteran Oliver E Wriedt as a Strategic Advisor with his wholly-owned company has acquiring a minority stake.
Most recently Wriedt served as CEO of New- York based DFG Investment Advisers.
"We are thrilled to welcome Oliver," says Greg Branch, SCIO’s Co-Founding Partner and Chief Investment Officer. "Oliver has a long history of successfully growing asset management platforms across US and European credit markets. Since the time Oliver and I worked together at Deutsche Bank, we’ve had the opportunity to work on several bespoke opportunities. I am excited to formalise our relationship with Oliver and know that he will support our drive to expand the SCIO platform."
Wriedt adds: "I have known Greg since he took over European ABS Trading at Deutsche Bank in 2006. I’ve always found Greg to be a very talented trader. At SCIO, Greg has assembled a first-class team of former Deutsche Bank colleagues. Greg has built a robust asset management platform with exceptional performance. I look forward to working with Greg and his team on the next phase of their growth."
Wriedt has 26 years of experience in lending, structuring, portfolio management and business development. Prior to serving as CEO of New-York based DFG Investment Advisers where he was responsible for overseeing business strategy and day-to-day management of the USD6.9 billion firm, Mr Wriedt served as co-CEO of CIFC Asset Management, a USD26 billion credit platform. During his tenure, CIFC grew to become one of the leading CLO issuers in the industry. Wriedt also led the USD333 million take-private of the company in 2016. Wriedt held senior management roles at Providence Equity Partners, Sciens Capital Management, GoldenTree Asset Management, Deutsche Bank and NORD/LB. Wriedt received a BA in History and Economics from Duke University.