Recently-formed Arbitrium Capital Partners, which specialises in opportunistic and distressed debt, has appointed its first managing director.
Blake Ammit joins the organisation from FC Captial, where he was the head of asset management. Before that, he was the investment director at CVC Limited and held MD and CEO roles with United Capital and the Handbury Group. He's held roles in M&A, investment banking, debt structuring, and turnaround management for more than 25 years.
Ammit is joined by former Tasplan CIO Ian Lundy, who was appointed as an independent member of the organisation's investment committee.
"Blake and Ian represent some of the best minds in our space in Australia," said Arbitrium Capital co-founder Mukhtader Mohammed. "It's such a great testament to what we're doing that they want to join us."
Ammit says that prevailing market conditions and the calibre of the team inspired him to join. "Clearly the time is right in the cycle for a fund like Arbitrium, but more than that, [there is] a massive need for special situations expertise in Australia right now, as the major banks are retreating from that area.
"I know a lot of investors will be looking for the type of risk profile we will be offering, and finally I couldn't pass up the chance to join my fellow industry experts - it's a fantastic team and I'm very excited to be part of it."