Monroe Capital LLC has named Zia Uddin as president. Uddin, who is a partner and portfolio manager, institutional portfolios, will continue to report to Ted Koenig, who will remain the chairman and CEO of the Chicago-based lender.

“Zia has been instrumental in establishing Monroe as a leader in the asset management industry, and there is no one better suited for this role,” said Koenig in a statement.  “Zia and I have worked together for over 14 years and I am looking forward to working even more closely with him to execute on our strategy and achieve the goals we have set for the firm.”

As president of Monroe, Uddin will oversee and implement Monroe’s long-term growth strategies. He will remain an active participant on the firm investment committee as well as co-portfolio manager, institutional portfolios, alongside newly appointed co-portfolio manager, Chris Lund. Uddin will continue to be responsible for the firm’s technology and software investments.  Over his career, Mr. Uddin has held numerous leadership roles at the firm and in private equity, management consulting and private industry. He sits on various board of directors of several of the Firm’s investments. 

“The firm’s 150 employees are extraordinary in what they do, and I am excited to be part of that collaboration,” Uddin said. “The firm has an exceptional culture that includes being on the forefront of many important issues beyond investing, including Environmental, Social and Governance (ESG) and Diversity, Equity and Inclusion (DEI) matters.” Check back later this week when Mergers & Acquisitions will have an interview with Uddin. And for more on trends in lending, see Why Direct Lending is Taking Off