Schroders has appointed a financial services veteran with 25 years of investment banking and asset management experience to the newly created role.
Nicole Kidd joins Schroders from RBC, where was most recently managing director and head of corporate banking for Australia and institutional client management for APAC. The private debt function will sit within the broader fixed income and multi-asset team reporting to Simon Doyle, head of fixed income and multi-asset.
“Nicole brings a depth of experience in private debt to Schroders,” Mr Doyle said. “She is an investor of extremely high calibre and experience, and has a proven track record with a strong client focus. These qualities will serve our clients well as she strives to deliver [high-quality] outcomes for their portfolios.”
Ms Kidd will also have a reporting line to Georg Wunderlin, global head of private assets, “underscoring the importance of this appointment to Schroders globally”.
“A key strategic priority for the Schroders business is to continually develop and evolve its Australian investment teams and capabilities,” said Schroders Australia CEO Chris Durack. “The developing fixed income landscape provides us with an opportunity to invest in our private debt capability, and over time we aim to build solutions to provide our clients with greater access to these attractive markets.
“The bank debt market in Australia is becoming increasing disintermediated, providing opportunity for institutional investors to gain access to favourable risk-adjusted returns.”
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