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Toby Maitland Hudson

Partner, Head of
Markets and Trading
A former attorney, Toby’s expertise spans origination, structuring and trading in the corporate, structured and direct lending markets. Throughout his 25-year career, he has synthesized quantitative and qualitative analysis to identify the optimal part of the capital structure in which to invest. His experience encompasses corporate bonds, credit derivatives, ABS, RMBS, CMBS, CLO and equities.
Toby joined X Cubed in 2021 from Millennium where he was a senior member of a business focused on IG corporate and mortgage credit. Prior to Millennium, Toby led the CRE/CMBS business at Saba Capital, managing investments in commercial mortgage conduits, mezzanine loans, and related derivatives. His prior experience includes roles senior PM/Managing Director roles in mortgage exotics at JPMorgan and mortgage credit trading at Bear Stearns.
Toby holds a Bachelor of Laws (LLB) in English and French Law from King’s College London and the Universite Paris I (Pantheon Sorbonne).
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