Schroders appoints Nicole Kidd to lead Private Debt

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MEDIA RELEASE: Schroders has appointed Nicole Kidd as Head of Private Debt, Australia, commencing 1 September 2020. In this newly created role, Ms Kidd will focus on building and developing Schroders’ private debt capabilities in Australia. 

Ms Kidd joins from RBC where she was most recently Managing Director and Head of Corporate Banking Australia and Institutional Client Management Asia-Pacific. 

Chris Durack, CEO Australia, said: “A key strategic priority for the Schroders business is to continually develop and evolve its Australian investment teams and capabilities.

“The developing fixed income landscape provides us with an opportunity to invest in our private debt capability, and over time we aim to build solutions to provide our clients with greater access to these attractive markets.

“The bank debt market in Australia is becoming increasing disintermediated, providing opportunity for institutional investors to gain access to favourable risk-adjusted returns. This is a result of both increasing bank regulation (where traditional bank returns are more difficult to achieve with higher capital imposts), and desire for banks to hold lower concentrations of single asset exposures on their balance sheets than they previously were, meaning the door is open for so-called ‘non-traditional’ lenders.”

Ms Kidd brings 25 years of investment banking and asset management experience to the business which will be crucial for developing this new function in Australia. 

The Schroders Australian private debt function will sit within the broader fixed income and multi-asset team reporting to Simon Doyle, Head of Fixed Income and Multi-Asset. 

Simon Doyle commented: “Nicole brings a depth of experience in private debt to Schroders.  She is an investor of extremely high calibre and experience, and has a proven track record with a strong client focus.  These qualities will serve our clients well as she strives to deliver high quality outcomes for their portfolios.”  

The appointment follows the move by Schroders in 2019 to appoint private asset specialist Georg Wunderlin to the role of Global Head of Private Assets. Reporting directly to Group Chief Executive, Peter Harrison, Mr Wunderlin oversees the continued growth and development of its private assets business on a global scale.

Ms Kidd will also have a reporting line into Mr Wunderlin, underscoring the importance of this appointment to Schroders globally.

Schroders’ Private Assets and Alternatives businesses manage A$81 billion* of AUM on behalf of its clients, with this capability including Private Equity, Securitised Credit, Infrastructure Finance, Insurance-Linked Securities, Impact Investing and Real Estate.