Clemente has remained a critical force in the leveraged loan market from its inception, and his success contributed significantly to the widespread acceptance of leveraged loans as an attractive investment class. Clemente was a founding member of Merrill Lynch Asset Management that offered one of the first leveraged loan retail mutual funds.

After growing the Merrill Lynch business to nearly $8.5 billion assets under management. Clemente joined INVESCO, where he was a Global Partner and head of the Bank Loan and CDO businesses. He also grew the INVESCO business to nearly $8.5 billion assets under management encompassing 17 structures and accounts that invested in leveraged loans, asset backed securities, high yield bonds and investment grade bonds.

One of the principal advocates for the credit industry, Clemente served on the Board of Directors of the Loan Syndications and Trading Association until recently. He contributed to the development of industry standard agreements and the development of standardized market procedures that facilitated asset trading and the development of secondary markets.