BT gets new Wrap head

BT’s general manager of finance and risk, David Lees, is to become general manager of BT’s Super and Wrap Solutions business, following the resignation of Jason Yetton.

Lees will replace Yetton in mid February, reporting to BT chief executive Rob Coombe. Lees joined BT in 2005 as chief financial officer, and has been with the Westpac group for 11 years. Coombe said Lees would “hit the ground running” in his new role, having successfully managed during Yetton’s extended leave in 2007, and been through a leadership succession program. Yetton departed after 16 years with BT. He will not be immediately moving to a new role.

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Suspensions and redemption queues ‘speed bumps’ on private credit road: Blue Owl

Asset owners are right to be concerned about private credit fund suspensions and redemption queues, Blue Owl head of alternative credit Ivan Zinn told the Investment Magazine Fiduciary Investors Symposium, but he thinks that two years from now they’ll be looked back on as nothing more than a “speed bump” on a highway of growth and strong returns.

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