AGL Credit Management has hired Wynne Comer from Bank of America Corp. to serve as chief operating officer, rounding out senior management at the recently created investment firm.
Comer, who was the global head of Bank of America’s primary collateralized loan obligation business, will lead the offering of new credit products for AGL and structure related financings, according to a statement Tuesday from the firm. She will report to Peter Gleysteen, AGL’s chief executive officer.
Gleysteen founded AGL earlier this year with backing from Abu Dhabi Investment Authority, an unnamed U.S. state pension fund, and the family of office of private equity pioneer Thomas H. Lee. The New York-based firm plans to create CLOs, which buy leveraged loans, and provide a stable return strategy for institutional investors.
“The appointment of Wynne is a key step for the growth of AGL’s franchise based on bank loans and completely fills out the firm’s outstanding senior management team.” Lee, chairman of AGL, said in the statement. Lee is also chairman of Lee Equity Partners, a New York-based buyout firm.
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Comer, who earned an undergraduate degree from Cornell University and a master’s degree in business from Dartmouth College, has worked in credit for almost 30 years, according to AGL. Before joining Bank of America in 2007, she worked in structured finance at Citigroup.
“Wynne is a recognized leader in the bank loan and structured credit businesses,” Gleysteen, who is also AGL’s chief investment officer, said in the statement. She will “turbocharge AGL’s growth, including our recently launched stable return strategy.”
