Connecticut-based Aladdin Capital Holdings has announced the first steps in its global restructuring plans.

The plans involve seeking to achieve growth by developing its advisory and investment banking businesses, together with its sales and trading and traditional asset management areas through key senior hires and an acquisitions strategy.
 
Although Aladdin will be making key appointments and acquisitions in advisory areas, the firm will reduce headcount in its collateralised loan obligation and collateralised debt obligation businesses, in line with the market shift.
 
Implementation of the strategy is led by vice-chairman and chief investment officer Neal Neilinger (photo), who joined the firm in October 2008 from Calyon with a mandate to steer Aladdin to best meet and capitalise upon opportunities presented by the new global financial landscape.
 
'Building out our advisory and investment banking businesses will position the firm to capitalize on growth opportunities globally going forward,' Neilinger says. 'We have hired key senior professionals to lead these businesses and our acquisitions strategy is in full swing. We expect to make some significant announcements in the near future.'

Established in 1999, Aladdin Capital Holdings is a global alternative investment management firm that has focused on non-traditional fixed income based strategies. The firm also has offices in London and Tokyo.