trending Market Intelligence /marketintelligence/en/news-insights/trending/b9X8NtaQh2xta6Eq-xnuaw2 content esgSubNav
In This List

Oaktree Strategic Income II chairman/CEO stepping down

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Oaktree Strategic Income II chairman/CEO stepping down

Edgar Lee, chairman, CEO and chief investment officer of Oaktree Strategic Income II Inc., will resign from the company, effective Sept. 30, for personal reasons.

Lee will also resign as CEO and chief investment officer of Oaktree Specialty Lending Corp and Oaktree Strategic Income Corp., effective the same date.

Oaktree Strategic Income II's board appointed Armen Panossian CEO and chief investment officer, and elected Panossian to be a class III director and chairman of the board, all effective Sept. 30. The boards of Oaktree Specialty Lending and Oaktree Strategic Income Corp. also appointed Panossian CEO and chief investment officer for both companies.

Panossian is a managing director and head of liquid credit at Oaktree Capital Management LP, the companies' investment adviser. He also is portfolio manager for Oaktree Capital Management's U.S. senior loan strategy.

Additionally, the boards of all three companies appointed Mathew Pendo president, effective immediately. Pendo will continue as COO for each company.