LBP AM appoints former Schroders non-public belongings exec

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La Banque Postale’s third-party asset supervisor LBP AM has appointed Peter Arnold as head of its European non-public belongings platform.

Arnold, who was world head of personal asset enterprise improvement at Schroders between June 2019 and January 2024, will report on to LPB AM administration board chair Emmanuelle Mourey.

He might be accountable for increasing the agency’s funding capabilities, widening the product providing and accelerating pan-European improvement of the platform.

Learn extra: PGIM: Europe and ME traders to ramp up non-public credit score publicity

Arnold has greater than 30 years’ expertise within the banking and asset administration sector, the place he has held varied administration positions, notably in enterprise improvement, advertising and fundraising.

At Schroders, he performed a key function within the improvement of the Schroders Capital platform, devoted to unlisted belongings.

Beforehand, he spent 19 years at Citigroup, initially within the multi asset options group, earlier than creating and main the non-public funds group enterprise from 2009 to 2019. Arnold started his profession in gross sales at JP Morgan, Société Générale and UBS.

“Because of his in-depth data of investor expectations and his profitable expertise in growing a number of European non-public debt actions, Peter brings vital added worth to our non-public asset experience,” stated Mourey. “LBP AM will thus have the ability to place itself as a key accomplice for its shoppers in Europe, in a quickly increasing sector.”

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Arnold added: “LPB AM European non-public belongings platform was one of many early adopters in investing in non-public belongings again in 2012. The group has constructed a powerful monitor report since then and is poised for continued progress, serving to LPs globally navigate the European non-public markets as they evolve and develop.”

LBP AM is 75 per cent owned by La Banque Postale and 25 per cent by Aegon Asset Administration. The platform has €9.5bn (£8bn) of belongings below administration (AUM), and invests throughout company non-public debt, infrastructure debt and actual property debt.

It has invested greater than €8bn in non-public debt and has three funding divisions: actual and personal belongings, multi-asset and absolute return, and quantitative options.

LBP AM Group, which incorporates its subsidiary La Financière de l’Échiquier, had consolidated AUM totalling near €72bn as of 30 September 2024.

Learn extra: Schroders: Buyers to up publicity to non-public fairness and debt



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