NEW YORK (HedgeWorld.com)–Highland Capital Management LP signed up Dansby White as a managing director. The firm announced that Mr. White would play a leadership role in expanding its structured finance and CDO business, with responsibility for creating new products and funds. He will work from Highland’s New York office.
Previously, he was a managing director and head of structured finance and CDOs at Merrill Lynch & Co. He started at Merrill in 1998 as a director in the credit derivatives group, was promoted to global head of the CDO operation in 1999, and in 2000 took on additional responsibilities in asset-backed and commercial mortgage-backed securities and aircraft finance.
Mr. White started his career as an attorney, working at Cahill Gordon & Reindel and White and Case. As a lawyer his work included structured and leveraged finance, public and private funds, leasing and bankruptcy transactions.
Highland president James Dondero commented in a statement that Mr. White has depth and breadth of expertise in a broad range of asset classes and a demonstrated talent for applying structured-finance technology to new asset classes.