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Adams Road Companions has appointed Jim Walker as world head of wealth, because it steps up its efforts to increase its distribution to monetary advisers and wealth managers.
The choice asset supervisor has additionally launched a brand new web site to share insights information and assets with the personal wealth viewers.
Walker has been chief working officer at Adams Road for practically seven years since becoming a member of the agency after a variety of management positions at Morgan Stanley, Credit score Suisse, and Merrill Lynch.
In his new function he’ll focus notably on growing and scaling of services and products for monetary advisers and their purchasers.
He’ll break up his COO duties with chief monetary officer Michael Kurlander.
Learn extra: Adams Road personal credit score head highlights the advantages of lead lender standing
Adams Road runs $59bn (£45.7bn) for purchasers throughout personal fairness, together with enterprise, and personal credit score investments. The agency joins different different asset managers, resembling KKR, Carlyle and Ares Administration, which have arrange devoted wealth divisions to increase entry to non-public markets and widen their distribution.
“Our Personal Wealth platform advantages from Adams Road’s greater than 50 years of expertise,” stated Walker. “There’s vital demand from advisors and their purchasers for high quality personal markets investments. Adams Road can present entry, institutional high quality origination, and portfolio development in methods which can be accessible to non-public wealth purchasers.”
Jim is a pure match for this function as a senior chief with deep funding acumen and vital operational expertise. His in depth expertise in wealth administration will speed up our progress in personal wealth,” added Jeffrey Diehl, managing associate & head of investments at Adams Road.
Learn extra: Adams Road raises $1bn for first CLO
Learn extra: British Enterprise Investments commits €60m to Adams Road fund
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