CIFC Asset Management, an alternative credit specialist, has hired Conor Daly as head of European credit.

Mr. Daly recently served as the lead portfolio manager of Onex Credit’s European CLO business. Mr. Daly will oversee CIFC’s European investment business with a focus on continuing to grow the firm’s European corporate credit investment platform.

“We took a thoughtful approach to identifying a head of European credit who shares CIFC’s disciplined approach to investing and risk management and is a strong cultural fit with our global team. We are pleased to have found just that in Conor,” said CIFC’s CEO Steve Vaccaro. “Conor is a seasoned credit investor with proven portfolio management and capital markets expertise. We are confident that his deep relationships and significant experience building and scaling CLO platforms in the European market will be invaluable to our business and investors.”