London-headquartered Dexion Capital has moved to build its asset management business by appointing Magnus Spence as head of asset management. In the newly created role, Spence will expand the firm’s asset management offering while continuing the firm’s focus on alternative assets.
Spence said that the firm sees an opportunity to offer clients protection against inflation risks by investing in real assets and private credit.
“This is a significant initiative to develop and grow [Dexion’s asset management capabilities],” Spence told PDI. “These [alternative] asset classes are of great importance in meeting our investors’ needs as they seek yield while obtaining protection against inflationary forces.”
Spence will manage capital for Dexion’s clients with further fundraising for pooled vehicles on the horizon.
With over 20 years of asset management experience, Spence’s last role was as chief executive and co-founder of Dalton Strategic Partnership, a global investment management firm with $2 billion in assets under management.
He has also worked at Mercury Asset Management and joined Dexion on Friday (2 January).