
Dave Trepanier
Managing Director at Bank of America Merrill Lynch, head of global structured credit and CDO/CLO trading with 24+ years in structured finance.
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Jul 6, 2026
Two Decades in Structured Credit: From Early CLOS To Systematic Strategies And What Comes Next
33:35
33:53
34:13
34:28
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33:25Brian VigilioHOST
And you're at the forefront of, I think, one of the more recent phenomena, which is the systematic strategy.

Dave TrepanierGUEST
I think one thing I'm very proud of in our franchise is that while we've been together the longest standing team on the street, we're forever seeking to lead and identify and lean into what we call pivotal change points in the market.

Dave TrepanierGUEST
And I think this is critical, not just for the CLO business, but if there's people listening to this that are younger and wondering like, what will AI do to my career? It's gonna bring change about probably faster than ever at a greater cadence, but if you embrace that, bring about amazing things.

Dave TrepanierGUEST
And I go from the two trade a week CLO world to a world now that's, you know, trading electronically with a high degree of transparency and scaling and providing investors choices to the risk return they want, but also providing access to financial.

Dave TrepanierGUEST
At the end of the day, our product is financing products, efficient financing.
B
38:30Brian VigilioHOST
So when you think about our business, and I mean, I want to put a little bit more, when you think about now structured credit, you know, finance at large, what do you think are some of the opportunities for the industry, for people with the advent of this new technology?