Performance Trust Hires Bankers to Lead UK Structured-Debt Push

Performance Trust Capital Partners launched its first office in Europe and hired two seasoned bankers as it seeks to expand its collateralized-loan obligations and asset-backed desks amid a record-setting year.

The investment bank, which focuses on community banks across the US, launched a new unit, PTUK Limited, last week, according to Eric Brown, president of Performance Trust’s institutional group. Managing directors James Gray and Dan Bates will oversee PTUK’s securitized products team in London and will both report to Brown.