CIFC Appoints Senior Talent to Strengthen Legal and Compliance Team

Published on: 20 August 2022
by KnowESG
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CIFC Asset Management LLC, a specialist in alternative credit serving institutional investors globally with about $40 billion in assets under management, has announced the addition of two senior members to its legal and compliance team.

Asha Richards has been promoted to General Counsel after serving as CIFC's Deputy General Counsel and in other legal capacities since 2015. Former Sound Point Capital Management, LP Chief Compliance Officer and Associate General Counsel Lily Wicker has joined CIFC as Managing Director, Chief Compliance Officer, and Associate General Counsel.

With the addition of Ms. Wicker to the company, and as CIFC continues to expand its asset base and product offerings globally, the roles of General Counsel and Chief Compliance Officer have been separated. Ms. Wicker reports to Ms. Richards as Chief Compliance Officer and Associate General Counsel.

Steve Vaccaro, Chief Executive Officer and Chief Investment Officer of CIFC, said: 

“We are thrilled to extend this well-deserved promotion to Asha and welcome Lily to CIFC as we continue to grow and navigate an ever-evolving regulatory landscape. Throughout her tenure at CIFC, Asha has proven herself a skilled legal practitioner and leader, given her deep knowledge of private fund operations and spearheading of our DE&I and ESG initiatives, respectively. Moreover, Lily has extensive relevant experience at numerous well-established alternative credit and financial services firms and an approach that perfectly aligns with CIFC’s culture of compliance. We look forward to their collective contributions and guidance.”

“It has been extremely rewarding to play a part in CIFC’s significant growth over the past seven years, and I am delighted by the opportunity to further bolster our legal function while continuing to service our investors. Throughout my time at the firm, I have watched the credit markets and systems that govern them mature, and I am excited to work alongside Lily to ensure CIFC continues to meet best-in-class legal and compliance standards,” said Ms. Richards.

“CIFC has sustained a reputation as a leader in alternative credit globally with robust infrastructure and operations supporting its talented investment professionals. I am pleased to add my skills to Asha’s and those of the entire team to further enhance CIFC’s existing compliance programmes and build upon the firm’s strong foundation,” said Ms. Wicker.

Source: CIFC

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