Primus adds senior advisor

Primus Guaranty today announced that Bryan Dunn has joined its principal operating subsidiary, Primus Asset Management as a senior advisor. He will report to Thomas Jasper, Primus Guaranty’s chief executive officer, and will focus on the strategic development of the firm’s credit asset management business. 

Dunn has helped establish a number of credit-related businesses. Most recently, as group head of the credit portfolio management division at Bank of Tokyo Mitsubishi, he formulated the secondary credit market business strategies and oversaw the development of the credit portfolio management and proprietary credit investing efforts. Prior to that, he established credit businesses at both Dresdner Kleinwort and CIBC.

PAM is a subsidiary of Primus Guaranty, a Bermuda company. PAM provides credit portfolio management services to feloo subsidiary Primus Financial Products, and manages private investment vehicles, including two CLOs and three CSOs for third parties.

PAM currently has over $23 billion in assets under management in structured credit vehicles. This includes the $21 billion notional credit default swaps portfolio of Primus Financial Products, as well as two CLOs and three CSOs.  In addition, PAM recently signed an agreement to acquire CypressTree Investment Management, which manages leveraged loans and high yield bond portfolios totalling approximately $2.4 billion in a variety of investment products.