Octagon Credit Investors (Octagon), a credit-focused investment manager overseeing $35bn in total assets, has appointed Gretchen Lam, Senior Portfolio Manager, as the successor to Chief Executive Officer Andrew Gordon, effective January 1, 2024.
At that time, Gordon, who co-founded the firm in 1994, will assume the role of Executive Chair of the Board of Managers, and will focus on supporting the continued growth of Octagon’s businesses and executing a seamless leadership transition. He will also continue to serve as a member of the firm’s Investment Committee and Conning’s Operating Committee (Conning is Octagon’s majority shareholder).
Lam joined the firm in 1999 and has held several leadership positions across the organisation. She has also served as a member of Octagon’s Investment Committee since 2013.
As a Senior Portfolio Manager, she has managed various CLOs, separate accounts, and commingled funds, and oversees the firm’s Structured Credit (CLO debt & equity) investment strategies. She joined Octagon’s Board of Managers in 2021, and was appointed to Conning’s Operating Committee in 2023. Lam is also a member of Octagon’s ESG Committee and previously served as Co-Head of Conning Holding Limited’s (CHL) DEI Council.
As CEO, Lam will oversee Octagon’s business strategy and lead the firm in its next phase of growth, further to the previously announced news that Generali Group will acquire CHL (which includes Conning, Octagon, and other affiliates), subject to various regulatory approvals.
