Senior-appointment-for-Ashursts-CLO-practice

Ashurst announces that Eric Bothwell has joined its New York office to focus on the firm's market leading collateralized loan obligation (CLO) practice.

Eric graduated from Columbia University School of Law in 1993 and began his legal practice in the New York office of Orrick, Herrington & Sutcliffe. His legal experience includes traditional asset backed and mortgage backed securities, as well as collateralized loan and bond obligations, early credit derivatives, structured investment vehicles and equity and debt repackagings.

After Orrick, Eric joined Goldman Sachs as one of the founding members of its new issue CLO team. He ultimately led that team taking responsibility for all aspects of transaction structuring, execution and marketing. In addition to underwriting experience related to the CLO market, Eric also spent time at structured products focused hedge fund, Ellington Management Group, where he established and ran a team of portfolio managers and analysts focused on managing leveraged loans in both hedge fund and CLO formats.

Head of the US, William Gray, said:

"Eric has been a part of the CLO market almost from its inception and has experienced its growth and change through a variety of cycles. He brings a perspective on the market that few lawyers have. We are delighted that he is joining the firm and we are confident that he will make a substantial contribution to the team."

Mike Logie, Head of Ashurst's Securities and Derivatives Group, added:

"Our CLO practice is a key area for the firm and we have exceptionally strong transatlantic credentials. Eric is a significant hire for us and brings unparalleled expertise from which clients and the broader team can benefit."

Eric Bothwell commented:

"I'm excited to join such a strong firm with a well-established practice in the CLO market. We are going through a time of change and adaptation in the market right now but the CLO product has proven itself strong through multiple cycles and has adapted before to changes in the regulatory and accounting landscape. I believe Ashurst's combined experience in the CLO market in both Europe and the United States puts us in a great position to help our clients continue to successfully grow their businesses. I have been fortunate to work in the past with many of Ashurst's lawyers as a colleague and as a client and I look forward to great success for this practice going forward."