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Corporate Score 35 Neutral

Oaktree Capital to See Departure of Senior Asia Credit Executive

Apr 17, 2026 03:20 UTC
Medium term

Pedro Urquidi, head of opportunistic credit outside North America, is expected to leave Oaktree Capital Group in the coming months. The move marks the exit of a two-decade veteran who was instrumental in expanding the firm's distressed debt presence in Asia.

  • Pedro Urquidi to exit Oaktree in coming months
  • Urquidi led opportunistic credit strategies outside North America
  • Relocated to Hong Kong in 2019 to scale Asia platform
  • Veteran professional with over 20 years at the firm
  • Focus was on regional distressed debt opportunities

Oaktree Capital Group LLC is preparing for the departure of one of its most seasoned investment professionals in the Asian market. Pedro Urquidi, who currently leads the firm's opportunistic credit strategies outside of North America, is slated to exit the organization in the near future. Urquidi relocated to Hong Kong in 2019, a strategic move designed to bolster Oaktree's footprint in the Asia-Pacific region. His tenure in Hong Kong coincided with a period of increased interest from global investors in regional distressed debt, positioning the firm to capitalize on market dislocations. With a career at Oaktree spanning more than twenty years, Urquidi has been a central figure in the firm's credit operations. His departure represents a significant loss of institutional knowledge and regional expertise for the firm's Asian operations. While the departure is a notable shift in leadership for Oaktree's regional strategy, it is unlikely to trigger immediate volatility in broader credit markets. However, it may signal a transition in how the firm manages its opportunistic credit portfolio in the region moving forward.

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