Octagon Credit Investors has appointed a new CEO as it enters into a new phase of growth.
Gretchen Lam, senior portfolio manager who has been at the firm for 24 years, has helped to drive Octagon’s CLO debt and equity investment strategy since 2013.
Lam will be focused on driving Octagon’s new business strategy. In June, the investor was acquired as part of Generali Group's acquisition of asset manager Conning Holdings, which manages a group that also contains emerging markets debt investor Global Evolution and debt and equity real estate investor Pearlmark.
Lam’s promotion is in line with Octagon’s dedication to fostering a women-led business. Half of the firm’s Investment Committee are women, along with the majority of its department heads and all of its traders.
Co-founder and current CEO, Andy Gordon, is to continue at the firm at executive chair of the board of managers.
Based in New York City, Lam’s promotion is effective January 1, 2024.