Joe Marsh

The Hong Kong-headquartered firm, with $166bn under management, has appointed a former insurance CIO to what is understood to be a newly created role, Private Debt Investor has learned.

The US asset manager has shaken up its insurance team leadership after acquiring rival PineBridge, with its international solutions head departing.

The US firm has hired an executive from JP Morgan, as insurers and other allocators continue to push into private credit, Private Debt Investor can reveal.

Speakers at the PDI Europe Forum raised concerns around areas such as climate change, an upcoming wall of debt refinancing and a shift into lower-rated credit.

Singapore-based partner Audrey The sees fast growth in the investment advisory firm's wealthy client base in Asia and a continued rise in new allocations to private credit.

Rob Groves joins the UK group to oversee its £93bn retirement annuity portfolio, which includes £22bn in private credit, as well as property and infrastructure.

The UK insurer is talking to managers of collateralised loan obligations as it eyes new areas of private debt. It's also active in fund finance.

Simon England-Brammer’s new venture, which has been quietly establishing a track record and client base, is open to investing in private credit and private equity via asset managers.

The deal, which will form a life and pensions giant with a £480bn-odd asset portfolio, reflects the trend for consolidation among both LPs and managers.

An ex-Goldman Sachs executive will succeed Edwin Wong, with new co-heads for the Asia special situations strategy also in place.