ICG hires BlackRock exec to boost US business

The European debt investor hopes this high-profile hire will fuel its growth in North America.

Intermediate Capital Group (ICG) has appointed former BlackRock executive Amy Schioldager as a non-executive director.

Schioldager, who recently retired from her 25-year career at BlackRock, will become ICG’s first US-based non-executive director when she takes up the position on 25 January. She will report to Kevin Parry, ICG chairman.

Her appointment forms part of UK-headquartered ICG’s push into the US market. Last year, the company appointed Chris Hawkins to manage and develop its relationships on the US west coast and Louis Colosimo to oversee Florida and the Southern US as part of a general increase in its headcount in the country.

During her time at BlackRock, Schioldager held various roles across global equity markets and client segments, most recently as global head of beta strategies. She was responsible for $3.6 billion of gross revenues and $2.5 trillion of assets under management across seven offices around the world.

Schioldager also launched some of the first exchange-traded fund portfolios in 1996 with the creation of iShares.

She has also been a prominent advocate for women in asset management as chair of BlackRock’s women’s initiative and vice chair of its corporate governance committee.

Commenting on the appointment, Benoit Durteste, CIO and CEO of ICG, said: “With a US team now numbering over 40 professionals covering mezzanine, direct lending, strategic equity and credit funds, there is no doubt that the region remains a core growth market for ICG as we seek to extend proven fund vintages, and introduce new fund strategies, to a growing investor base.  Amy’s local insight will play an integral role as we continue to implement our vision.”