IFM Investors has promoted from within to fill the recently vacated role of global head of debt investments.
Rich Randall, who has been with IFM Investors since 2013, will replace Robin Miller as the firm's global head of debt investments.
Mr Miller is set to 'semi-retire' after a 17-year association with IFM Investors, remaining in the role of senior adviser and chair of the investment committee.
Mr Randall's new role will see him managing the company's global debt investment teams and maintaining IFM Investors global debt investment process.
He will be based in IFM Investors' New York offices and will report directly to chief executive Brett Himbury.
"Rich’s proven expertise in sourcing debt opportunities and team management makes him an ideal lead for our global team, which includes dozens of professionals spanning three continents," Mr Himbury said.
"As credit specialists, our approach to debt investments is even more relevant to a wide range of global investors as they recognise the growing importance of income assets in their portfolios," he said.
Mr Randall will begin in his new role on 1 July 2016.