Schroders Capital has appointed Bob Paterson as head of European asset-based finance (ABF) and significant risk transfer (SRT) investments on its private debt & credit alternatives team.
The role is a senior leadership position within the securitised product and ABF business, reporting to Michelle Russell-Dowe, co-head of the team and global head of SP&ABF.
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In the newly created role, Paterson will lead the origination and execution of European, UK and Australian ABF as well as SRT transactions. As a senior investment leader on the team based in London, Paterson will also oversee European and UK Asset-Backed Securities (ABS) activity.
The new hire comes as the team continues to identify areas where capital can be deployed attractively across a continuum from investment grade to opportunistic income, it said in a release. The team’s AUM has surpassed $22bn.
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Paterson brings over 25 years of experience in the UK, Europe and the US, with a strong track record in origination, distribution and capital raising across complex structured credit strategies. He joins Schroders Capital from Manulife CQS Investment Management, where he played a key role in building the firm’s ABF platform.
He previously spent over a decade at Lloyds Bank in senior roles, including managing director and head of credit sales.
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“I am thrilled to have Bob on the team. He represents exactly the type of investor that can benefit from a flexible framework and the ability to be dynamic and access the opportunity the market is affording,” said Michelle Russell-Dowe, global head of securitised product and ABF Schroders Capital.
“Bob’s experience, leadership and senior presence will continue to emphasise our global presence as well as the continued build-out of our local investment presence in London and Zurich. Bob has exactly the right skill set to harness the opportunities of today and of tomorrow, particularly as demand grows for high quality, diversifying, income‑oriented strategies.”
