ICG hires Cestar as global head of credit

The new role will see Cestar provide "strategic and operational leadership" to ICG's credit platform globally, the firm said in a statement. He will also aim to drive growth, development and innovation across the platform, it said.

Prior to joining ICG, Cestar was CEO of ScION Tech Growth, part of financial technology and data group ION.* Cestar also previously held various roles with Credit Suisse in New York and London, most recently as head of investment banking and capital markets in London. He has over 25 years of experience in global capital markets, investment banking and technology, ICG said in the same statement.

ICG's credit strategy encompasses both private and public debt, including CLOs, liquid loans, multi-asset credit and alternative credit. It has total assets under management of USD 80bn.

ICG is on the road with ICG Senior Debt Partners Fund V, aiming to raise EUR 10bn to provide debt for large-cap PE-backed companies with EBITDA of EUR 50m-EUR 200m, as reported in September 2022.

*ION Group is the majority owner of ION Analytics, the publisher of Unquote.

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