Alcentra, the specialist asset management and investment group focused on sub-investment grade debt capital markets, is relocating one of its top managing directors in Europe to the US to spearhead further growth in its leveraged loan business.

Paul Hatfield, a managing director in Alcentra’s London team, will relocate to New York in September to lead the US leveraged loan business and oversee the expansion of its product offering through the addition of two specialist managers to its lending group