Latham’s Capture of A&O Shearman’s CLO Team is its Smartest Move This Year
Franz Ranero reveals Latham's strategic brilliance: "We wouldn't bother going to the Herculean effort of moving were it just a case of walking across Bishopsgate and continuing what we already do. It's about creating synergies." By snagging A&O Shearman's entire 11-person CLO powerhouse team, Latham didn't just fill a gap - they built a "wraparound service" combining CLOs, asset-backed lending, and fund finance. Jeremiah Wagner, Latham's global co-chair, calls it forward-looking: "Clients get bigger, they cover more areas, they want firms that can cover them everywhere they're expanding." The result? A first-mover advantage in liability management transactions.
