Schroders hires new distribution lead for private assets, including ILS

Global asset management group Schroders has announced the hire of a new distribution lead for its private assets unit, with Peter Arnold set to head up the Alternative Sales Unit which includes the firms insurance-linked securities (ILS) strategies.

Arnold, who joins Schroders from Citi Group, is an experienced senior private assets distribution lead, who most recently held the role of Global Head of International Fund Distribution at Citi. Before his time at Citi he worked at JP Morgan, UBS and Societe Generale.

In his recent role at Citi he specialised in private debt, real estate and global infrastructure, working on both the origination and distribution of third-party private assets strategies to global institutional investors.

Arnold joins Schroders in June, and will report to John Troiano, Schroders’ Global Head of Distribution, and Georg Wunderlin, the new Global Head of Private Assets at Schroders who joined the company earlier this month.

Schroders will task Arnold with leading its global sales effort in the important private assets area to enhance the firms ability to meet the specialist needs of investors globally.

Georg Wunderlin, Global Head of Private Assets, Schroders, commented on the hire, “I am confident that Peter brings highly relevant expertise to Schroders’ Private Assets business. Clients are increasingly looking to invest in illiquid assets which aim to deliver stable and consistent returns that are uncorrelated to public markets and, through his extensive experience in placing illiquid assets, Peter will help us build and deliver industry-leading investment solutions for our clients.”

John Troiano, Global Head of Distribution, Schroders, added, “Continuing to grow Schroders’ Private Assets capability remains a core strategic growth priority as demonstrated by recent acquisitions such as specialist hotels investment business Algonquin in 2018 and private equity specialist Adveq in 2017. The high-calibre recruitment of Peter further emphasises this and his arrival will position us to fulfil our ambitions in this area.”

The private assets segment at Schroders looks after roughly £38 billion of assets as of the end of 2018, across a range of alternatives that include private equity, infrastructure finance, real estate, securitised credit and insurance-linked securities (ILS).

Schroders manages roughly $3 billion of insurance and reinsurance linked assets, in strategies ranging from pure catastrophe bond UCITS funds, to collateralised reinsurance and private ILS assets, as well as life ILS assets.

Schroders recently reorganised the structure of its insurance-linked securities (ILS) business, with Dirk Lohmann taking the Head of ILS role.

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