Credit, Collections & Insolvency News
Arrow Global has announced that, following the completion of the takeover by TDR Capital, Lee Rochford has decided to step down as Group Chief Executive Officer (CEO).
Rochford will be succeeded by Zach Lewy, Founder, Group Chief Investment Officer and CEO of Arrow’s Fund Management and Investment (FIM) business.
The change takes effect immediately, Rochford will remain with the business for another month to ensure a smooth transition.
Rochford joined Arrow in December 2016 and has successfully led Arrow’s transformation into a vertically integrated alternative asset manager. This included the successful integration of a number of acquisitions and the launch of Arrow’s inaugural credit opportunities fund. Lee also oversaw a significant expansion into the credit servicing space, underpinned by Arrow’s strong collective culture and best-in-class customer approach. Most recently, Lee led Arrow through its acquisition by TDR Capital.
Zach Lewy is the Founder of Arrow and has been with the business since its inception. He is currently Chief Investment Officer and CEO of the FIM business. Zach was previously the Group CEO of Arrow from its founding in 2005 until 2011 when his focus changed to running the investment business. More recently, Zach has supervised Arrow’s funds management and investment activities where Arrow now has more than €5bn of AUM. Given Arrow’s vertically integrated asset management strategy, Zach will continue to lead Arrow’s fund management activities as part of running the rest of the Arrow Group.
Jon Rosen, Partner at TDR, said “Arrow is now a leading European investor and asset manager in the credit and real estate sector, employing over 2,500 people across a unique pan-European platform that services €69bn of assets. Under Lee’s leadership, Arrow has become a successful, capital-light business. On behalf of TDR, I would like to thank Lee for his service to the business and wish him the very best for the future.”
“With Arrow continuing its evolution towards integrating asset management and servicing capabilities for clients, Zach is a natural successor to Lee. Having founded Arrow 16 years ago, Zach’s knowledge of Arrow, its people and its culture, alongside his relationship with fund investors and external stakeholders, makes him uniquely placed to lead Arrow as its new CEO.”
Lee Rochford said “After five years in the role, and with Arrow now looking ahead to the next period under private ownership, now is the right time for me to step down as CEO. I leave Arrow in great shape and with a very bright future. I am proud of what we have achieved, notably our transformation into an alternative asset manager with a clear sense of purpose and a thriving culture. I want to thank everyone at Arrow for their contribution in creating the business it is today and wish them continued success in the future.”
Zach Lewy said “Arrow is enviably positioned in the growing European market and our proven track record and established platforms with deep local expertise mean we are strongly placed to build better financial futures for all our stakeholders. I am excited to work with our talented teams and new owners to capitalise on the promising investment and servicing opportunities ahead of us.”
