GoldenTree Asset Management Hires John Edenbach to Continue to Expand its Wealth Management Business

GoldenTree Asset Management (“GoldenTree”), a global asset management firm with nearly $55 billion in assets under management, today announced the hiring of John Edenbach as Managing Director, based in New York. Mr. Edenbach will focus on business development, working to expand GoldenTree’s existing efforts in Wealth Management. He will report to Claudio Macchetto, Managing Director and Head of North American Wealth Management, at GoldenTree.

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John Edenbach, Managing Director, GoldenTree (Photo: Business Wire)

Mr. Edenbach joins GoldenTree from Nuveen, where he was a Managing Director, Private Wealth Advisor Consultant, working closely with financial advisors and family offices. Mr. Edenbach brings over 20 years’ experience in wealth management, having also worked in Merrill Lynch’s Alternative Investments business for almost two decades. He received an M.B.A. from Babson College.

Steve Tananbaum, Founder, Managing Partner and Chief Investment Officer at GoldenTree said, “We have a nearly 20-year history of working with our wealth management partners. As advisors increasingly aim to incorporate alternative investments, we are dedicating additional resources to support our wealth management partners. We are excited to welcome John to our team, and to have him contribute his extensive experience in working with financial advisors and their clients.”

Kathy Sutherland, Chief Executive Officer and Partner at GoldenTree said, "Since 2005, GoldenTree has maintained a strong partnership with our wealth management partners. As more wealth management firms and their clients diversify into alternative investments and become increasingly sophisticated in allocating to credit and alternative investments, we are dedicated to providing best in class support to our clients across wirehouses, private banks, RIAs, and family offices.”

Mr. Edenbach said, "I look forward to working with the entire GoldenTree team who have established a distinctive, multi-decade track record across corporate credit, distressed credit, structured products, and emerging markets. GoldenTree has also already built a variety of structures, extending their institutional investment capabilities to wealth management. I am thrilled to work with the team to continue to develop solutions for the wealth channel and partner with our advisors to implement best in class credit solutions.”

About GoldenTree

GoldenTree is a 100% employee-owned, global asset management firm that specializes in opportunities across the credit universe in sectors such as high yield bonds, leveraged loans, private credit, distressed debt, structured products, emerging markets, and credit-themed equities. GoldenTree was founded in 2000 by Steve Tananbaum and is one of the largest independent, global credit asset managers. GoldenTree manages nearly $55 billion for investors, including leading public and corporate pensions, endowments, foundations, wealth management firms, insurance companies, and sovereign wealth funds. GoldenTree has over 300 employees, with offices in New York, West Palm Beach, Charlotte, Newport Beach, Dallas, London, Dublin, Munich, Singapore, Sydney, Tokyo and Dubai. For more information, please visit www.goldentree.com.

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