Asset manager Royal London has appointed William Nicoll to a new role of head of private assets as it looks to expand its capabilities into private markets.
This appointment comes following extensive research carried out by the asset manager which believes that the current market and economic conditions will provide a supportive environment to develop this new offering.
Nicoll starts his new role from today and will report to Piers Hillier chief investment officer at Royal London.
He comes from M&G where he held the role of chief investment officer of private and alternative assets.
Hillier commented: “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.”
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. I am eager to get started and to build a strong private asset offering solutions for our clients which will work for them for decades to come.”