Schroders creates global head of private assets role

By Roger Baird on Friday 15 February 2019

Alternative Lending

The fund manager has created a new role to lead its private assets business, which has £35.8bn under management.

Asset manager Schroders has created a new role to oversee the expansion of its private assets business.

Georg Wunderlin (pictured) has been hired by the group as global head of private assets by the London-based firm formed in 1804 to oversee the “growth and development of its business on a global scale”.  

Wunderlin’s task will be to grow the firm’s £35.8bn private and alternative assets business, which covers such classes as securitised credit, private equity, infrastructure finance, insurance-linked securities, small and medium-sized lending and real estate.

Schroders’ newest executive takes up his post in May, and was most recently chief executive of New York-based alternative investments HQ Capital, which manages $11.5bn of assets.

Wunderlin will report to Schroders’ group chief executive Peter Harrison and joins its 17-strong management committee. He will be based between offices in Frankfurt and London and leads 230 staff.

Harrison said: “Developing Schroders’ private assets business in response to the evolving needs of our clients has been a core strategic focus of the firm. Clients are increasingly looking to invest in illiquid assets which deliver stable and consistent returns that are uncorrelated to public markets.”

The asset manager says Wunderlin draws on 19 years in the industry, which includes joining Auda International in 2012 as chief operating officer, a role he retained after Auda, Real Estate Capital Partners and Equita all combined in 2015 to form HQ Capital. He became chief executive of HQ Capital in 2016.   

Wunderlin said: “Schroders has built a strong market position in the private assets space, encompassing an impressive range of capabilities across all relevant private markets asset classes. I am convinced the firm is well-positioned to build on these credentials in this attractive market.”

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