Management Changes

The hiring of Marr from JPMorgan and Suresh from Deutsche Bank comes amid growing insurance appetite for private credit.

After EMEA and, reportedly, APAC, the Americas gets an insurance honcho.

Sehayek succeeds Applebaum, who is no longer with the asset manager; Questa remains the other co-head.

The purchase is set to close in Q3. The all-stock deal will add a manager with $50bn of AUM.

Former global client chief Mike Perry and alternatives products head Keith Jones have left the $1.3trn firm, which is targeting $2trn in assets by 2030.