Royal London Asset Management (RLAM) has appointed William Nicoll to a new role as head of private assets.
Nicoll was previously chief investment officer, private and alternative assets, at M&G, where he was responsible for leading an international team managing approximately £70bn of assets. Over the course of his 19 years at M&G he also served as co-head of alternative credit and head of institutional fixed income.
Nicoll began his new role today (3 October 2023) and will report to Piers Hillier, CIO at RLAM.
The appointment forms part of a major strategic initiative for RLAM, to expand its investment capabilities further into private markets. Having undertaken extensive research and due diligence, the asset manager believes current market and economic conditions – most notably the increase in interest rates and the normalisation of bond markets – now provide a highly supportive environment to develop this new offering and deliver attractive solutions to further aid investors in meeting their long-term goals.
Hillier said: “As part of our continuing commitment to deliver best-in-class investment solutions and services to our clients, we place significant focus on carefully assessing markets to identify where the most attractive opportunities lie and how investors can best access these. We believe that private markets have an important role to play in portfolios, with current market conditions providing a very conducive entry point for our business as we seek to expand our range of capabilities into this space. ”
He noted that Nicoll “brings extensive experience and a proven track record of building and managing investment capabilities in this area”, and believes Nicoll’s experience will be “invaluable to our clients as we embark on this exciting new initiative”.
Nicoll added: “We are seeing tremendous growth in private markets and I am thrilled to be leading the buildup of Royal London Asset Management’s private assets business. Private markets, with their flexibility and innovation, are going to be a central part of market developments allowing us to transition to a more sustainable future.”