Management Changes

The US firm has hired an executive from JP Morgan, as insurers and other allocators continue to push into private credit, Private Debt Investor can reveal.

Rob Groves joins the UK group to oversee its £93bn retirement annuity portfolio, which includes £22bn in private credit, as well as property and infrastructure.

An ex-Goldman Sachs executive will succeed Edwin Wong, with new co-heads for the Asia special situations strategy also in place.

Her departure from the Bermuda-based speciality insurance firm, which has a $6.9bn investment portfolio, follows its recent takeover by Japanese insurer Sompo.

The head of Asia product management and investor relations at the $623bn private market GP is moving on, Private Debt Investor has learned.

The executive is moving on after some nine years with the Asian insurer, which has a $333bn asset portfolio, Private Debt Investor has learned.

Sabrina Meng will start in a new role at the British GP next month, Private Debt Investor has learned.

Several senior executives have left the UK life insurer ahead of its imminent rebranding as Standard Life, Private Debt Investor has learned.

The firm, which is active across private equity, real estate and infrastructure debt, has recruited Mirova co-founder Anne-Laurence Roucher.

Private real estate veteran Sonny Kalsi is to lead a growth strategy for Sun Life Capital Management, which aims to see its assets under management double to $600bn within five years.