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Phoenix Group has named former UBS government Cecile Retaureau as its new head of personal markets.
The retirement and financial savings group has now expanded its non-public market staff to 16 funding professionals throughout company credit score, non-public fairness, actual property, infrastructure, and public finance.
Retaureau will lead in-house originations and can work with Phoenix’s asset administration companions to ship non-public market belongings that are a very good match for the enterprise.
Learn extra: Phoenix launches non-public credit score and lending options platform
She has greater than 20 years expertise within the monetary providers sector, and beforehand labored as managing director, international head of cross-asset financing and stuck earnings options gross sales at UBS. On this position, she managed greater than 30 funding banking professionals and 400 shoppers globally.
Earlier than becoming a member of UBS, she held senior international markets roles at BNP Paribas and Credit score Agricole.
“I’m extraordinarily excited to be becoming a member of Phoenix Group at such an necessary time for its asset administration staff,” mentioned Retaureau.
“Phoenix’s good in-house staff alongside its distinctive origination mannequin and talent to work with greatest in school companions will enable us to search out the very best alternatives available in the market, and proceed to ship for our prospects and shareholders, while additionally assembly Phoenix’s commitments to local weather and attaining its web zero targets.”
Learn extra: Principal hires head of infrastructure debt to steer new division
Retaureau will formally be part of Phoenix Group in August 2024, and can report back to Nuwan Goonetilleke, head of shareholder belongings.
“We’re delighted to be welcoming Cecile as our new head of personal markets at a pivotal time for our asset administration progress technique, as we glance to increase our direct origination capabilities while additionally working with our greatest in school asset administration companions to ship optimum returns for our prospects,” mentioned Goonetilleke.
“As our retirement options and pensions and financial savings companies proceed to thrive, Cecile will probably be integral to making sure that we develop our sourcing, origination and execution of personal market belongings.”
Learn extra: Constancy to shutter its European direct lending enterprise as co-CIO steps down
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