Arrow announces CEO Succession

Arrow Global (“Arrow”), a leading European investor and asset manager in the credit and real estate sector, today announces that, following completion of the takeover by TDR Capital, Lee Rochford has decided to step down as Group CEO. Lee will be succeeded by Zachary (Zach) Lewy, Founder, Group Chief Investment Officer and CEO of Arrow’s Fund Management and Investment (FIM) business. 

The change takes effect immediately, with Lee remaining with the business for another month to ensure a smooth transition.

Lee joined Arrow in December 2016 and has successfully led Arrow’s transformation into a vertically integrated alternative asset manager. This included the successful integration of a number of acquisitions and the launch of Arrow’s inaugural credit opportunities fund. Lee also oversaw a significant expansion into the credit servicing space, underpinned by Arrow’s strong collective culture and best-in-class customer approach. Most recently, Lee led Arrow through its acquisition by TDR Capital. 

Zach Lewy is the Founder of Arrow and has been with the business since inception. He is currently Chief Investment Officer and CEO of the FIM business. Zach was previously the Group CEO of Arrow from its founding in 2005 until 2011, when his focus changed to running the investment business. More recently, Zach has supervised Arrow’s funds management and investment activities where Arrow now has more than €5bn of AUM. Given Arrow’s vertically integrated asset management strategy, Zach will continue to lead Arrow’s fund management activities as part of running the rest of the Arrow Group.

Jon Rosen, Partner at TDR, said: “Arrow is now a leading European investor and asset manager in the credit and real estate sector, employing over 2,500 people across a unique pan-European platform that services €69bn of assets. Under Lee’s leadership, Arrow has become a successful, capital light business. On behalf of TDR, I would like to thank Lee for his service to the business and wish him the very best for the future.

“With Arrow continuing its evolution towards integrating asset management and servicing capabilities for clients, Zach is a natural successor to Lee. Having founded Arrow 16 years ago, Zach’s knowledge of Arrow, its people and its culture, alongside his relationship with fund investors and external stakeholders, makes him uniquely placed to lead Arrow as its new CEO.”

Lee Rochford said: “After five years in the role, and with Arrow now looking ahead to the next period under private ownership, now is the right time for me to step down as CEO.  I leave Arrow in great shape and with a very bright future. I am proud of what we have achieved, notably our transformation into an alternative asset manager with a clear sense of purpose and a thriving culture. I want to thank everyone at Arrow for their contribution in creating the business it is today and wish them continued success in the future.”

Zach Lewy commented: “Arrow is enviably positioned in the growing European market and our proven track-record and established platforms with deep local expertise mean we are strongly placed to build better financial futures for all our stakeholders. I am excited to work with our talented teams and new owners to capitalise on the promising investment and servicing opportunities ahead of us.” 

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Notes to editors

Zach has over 20 years of executive experience in investment management and asset servicing. He was CEO of Arrow Global from its inception in 2005 until 2011 when he changed the structure to focus on running the investment business. Zach led the fundraising process for Arrow Credit Opportunities 1, the largest inaugural private credit fundraise globally in 2020 and the fourth largest private credit fundraise overall in Europe in 2020. Prior to joining Arrow, he was an Officer of Sallie Mae, a Director at Vertex (the BPO division of United Utilities), and a Founder and Executive Director of 7C (a U.K. BPO company acquired by Vertex). Zach was previously the Chair of the UK Debt Buyers Association and was named an Ernst and Young Entrepreneur of the Year in 2010. Zach is on the board of the English National Ballet and the English National Ballet School. He graduated from Princeton University with a BA in Economics with Honours and a Certificate in Applied and Computational