James Cuby Elevated to Partner at Waterfall Asset Management in a Strategic Move

Waterfall Asset Management Elevates James Cuby to Partner

In a significant announcement, Waterfall Asset Management, an alternative investment firm that specializes in asset-backed credit and real estate opportunities, has appointed James Cuby as a Partner, effective July 1. This decision highlights Cuby's outstanding contributions to the firm, particularly in expanding its European operations.

Recognition of Leadership

Based in London, Cuby has established himself as a prominent figure within Waterfall Asset Management, particularly since he took the role of Head of Europe. His leadership has been pivotal in the firm's growth trajectory in the European market. He has exhibited a strong commitment to fostering relationships and driving success for Waterfall's clients.

Jack Ross, Managing Partner and Co-Founder of Waterfall, expressed enthusiasm about Cuby's promotion, remarking, "We are pleased to welcome James as a Partner and acknowledge his role in the ongoing growth and success of Waterfall." These sentiments were echoed by Keerthi Raghavan, Partner and Co-Chief Investment Officer at Waterfall, who credited Cuby's insightful market approach and collaborative spirit to the firm's achievements within the region.

Extensive Background and Expertise

Cuby's background is marked by over twenty-five years of experience in credit and structured finance investments. Before joining Waterfall in 2016, he was instrumental in establishing the Credit Trading and Investments team at Investec Bank PLC. His previous roles include significant positions at Prytania Advisors LLP and a tenure as a Credit Rating Analyst at SP in London. Cuby holds a bachelor's degree in economics with honors from City University of London, enriching his expertise and leadership capabilities in investment strategies.

As the Head of Europe, Cuby will not only steer Waterfall's business across the region but also identify and capitalize on investment opportunities that arise within European markets. His comprehensive understanding of credit markets continues to be a key asset for Waterfall's ongoing expansion.

The Firm’s Vision

Since its inception in 2005, Waterfall Asset Management has focused on finding specialty finance opportunities in asset-backed credit, whole loans, and real assets. The firm employs a relative value investment strategy across more than sixty sectors in the asset-based finance domain. This multi-sector strategy has enabled Waterfall to provide clients with a compelling risk-return profile, differentiating it from conventional investment opportunities.

With approximately $12.1 billion in assets under management as of March 31, 2026, Waterfall maintains a robust presence in New York and has expanded its operations internationally, with offices in London and Dublin. The firm also manages Ready Capital Corporation, a multi-strategy real estate finance company, showcasing its versatility in asset management.

As James Cuby takes up his new role as Partner, his unique insights and commitment to client success will certainly play an integral role in shaping the future of Waterfall Asset Management, fostering further growth and innovation in the specialty finance sector.