Semper Capital Management, a privately-owned New York-based boutique fixed-income investment manager, has appointed Zach Cooper, formerly Semper's deputy chief investment officer, as chief investment officer.

Cooper, who will continue as one of the firm's senior portfolio managers, replaces Jay Menozzi who has retired from the industry following his 16-year tenure at Semper Capital Management.
 
"I'm looking forward to continuing to support Semper's strong growth and performance across our suite of structured credit products, in collaboration with our exceptional team of investment professionals. The value in the non-agency mortgage sector along with other structured credit sectors persists and may be even more attractive in this next phase of the economic cycle," says Cooper. "It is an exciting time for the firm."
 
"I am confident that Zach's leadership skills and investment acumen will only continue to drive Semper's progress as he takes on this new role," says Greg Parsons, Semper's chief executive officer. "Additionally, the firm wishes Jay all the best in his retirement."
 
Cooper is a structured products veteran with over 20 years of investment experience.