Karen Lau was named managing director and senior portfolio manager within the corporate credit group at Marathon Asset Management.
It is a new position, a spokesman said in an email. Ms. Lau will be co-leader of the manager's collateralized loan obligation strategy alongside Jonathon Siatkowski, managing director and head of CLO structuring. She will report to Louis Hanover, chief investment officer.
Ms. Lau was previously managing director, head of U.S. CLOs at Onex Credit. Ms. Lau left the firm in March and was replaced by Adrienne Dale-Burns, a spokesman for the firm said. Ms. Dale-Burns, who has the title of managing director, portfolio manager, U.S. CLOs, had previously been a portfolio manager focused on CLOs at MidOcean Partners.
Marathon has about $23 billion in assets under management.