Our loans strategies are run by a separate team of loan experts located in the US and Europe.
Corporate Loans are floating-rate, senior secured debt issued by companies with below investment-grade ratings. They typically enjoy seniority in the capital structure of corporate issuers and benefit from first-lien security over the assets of borrowing companies. Corporate Loans are over-the-counter (OTC) financial instruments that pay a variable coupon, consisting of two components: a variable base rate, which is reset periodically (e.g. every 3 months) based on the evolution of the underlying reference rate (i.e. EURIBOR / LIBOR), and a fixed interest margin (300-600 bps) that represents an extra compensation for the underlying credit risk.
Head of Global Loans
Vanessa Ritter, CFA, is the Head of Global Loans at BNP Paribas Asset Management. She is responsible for overseeing several global loan portfolios, including European/US total return funds and a leveraged US CLO. Vanessa joined our company in 2008 and is based in New York. Prior to joining us, Vanessa was a Credit Risk Management Leader at Genworth Financial, and a Senior Corporate Credit Analyst and Risk Manager for the Royal Bank of Canada. Vanessa has 25 years of investment experience. She earned a BA in Economics from University of Toronto and an MBA from the Ivey School of Business. She is a CFA Charterholder.