The role is a new one at Schroders Capital, a sign of how the private markets narrative continues to develop at such firms.

Schroders Capital, the specialist private markets division of UK-listed Schroders, has appointed Ingo Heinen as global head of business development and product, a newly-formed role.

Prior to this, Heinein served as the head of marketing and client relations, EMEA, at Intermediate Capital Group, a global alternative asset manager, based in London. Before this, Heinein spent a decade at BlackRock, where he built and led the fundraising team for the alternative investments business in EMEA. He also worked in derivatives structuring, product development, and fund-linked sales at RBS, Nomura, and Merrill Lynch.

In his new position, Heinen will drive business development globally in partnership with Schroders’ Client Group and lead the evolution and management of Schroders Capital’s products.

The firm's move to build out its private markets capabilities shows how this area of investment has gained ground in the wealth sector in recent years with investors having turned to unlisted equities, bonds and related areas in search of yield. The decade-plus period of ultra-low interest rates, which crushed yields in conventional public markets, has accelerated the process.

In other recent news, Schroders Personal Wealth (SPW) – the joint venture between Schroders and Lloyds Banking Group – has launched a platform which will bring the control and oversight of client money and investments in-house.