Spectrum Group Management has appointed Russell Diamond as a Managing Director.
[Check out the latest Wall Street hirings and promotions for February 2015.]
“We are pleased to add a business development leader with Russell’s breadth of experience to our team,” said Spectrum’s founder and Managing Partner, Jeffrey A. Schaffer.”He brings specific knowledge of credit markets and understands our investment strategy.Russell also brings a successful track record with investors and firm-building that complements Spectrum’s development plans.
Diamond joins Spectrum from Gates Capital Management, where he was responsible for all marketing and business development efforts. During his tenure, the firm grew from $500 million to $3 billion in assets. Previously he spent eight years as a Managing Director at West Side Advisors, which grew from $50 million in assets under management to $750 million during his tenure.
He began his career at Prudential Securities and later GEM Capital Management, a convertible/high yield asset management firm. He is a graduate of Cornell University and Columbia Business School.
Spectrum describes itself as “an opportunistic investor in the distressed, special situations and secured lending credit markets.”
