Future Growth Capital reveals CEO and senior team
Future Growth Capital (FGC) has named its inaugural chief executive, three months after the company was formed in a partnership between Schroders and Phoenix Group.
The private markets investment manager has appointed Schroders veteran Paul Forshaw (pictured) as its chief executive, responsible for business strategy and development.
Forshaw was previously head of strategic partnerships at Schroders.
Meanwhile, Phoenix’s James Harvey has been named chief financial and chief operations officer for FGC, where he will be responsible for financial and capital management as well as operational control.
Read more: Phoenix Group and Schroders launch £20bn private market investment scheme
Chaipetch Phrompechrut is FGC’s chief investment officer, and lead portfolio manager for the UK and global long-term asset funds. He will be responsible for overall portfolio management and investment performance.
And Phoenix’s Mike Chappell has been appointed FGC’s head of origination, responsible for establishing the firm’s debt origination team and processes.
FCG has also established a board of directors, with Georg Wunderlin and Michael Eakins as non-executive directors. Wunderlin is global head of private assets at Schroders Capital, while Eakins is group chief investment officer at Phoenix Group.
Read more: LTAFs look to diversify private markets exposure with multi-asset focus
“I am excited and privileged to have been appointed chief executive of FGC at a pivotal moment in the development of the UK’s private markets,” said Forshaw.
“We believe private markets offer a very significant investment opportunity that the UK’s long-term savers can now take advantage of to support their retirement goals.
“Our senior leadership team brings deep expertise and broad experience from both parent companies and creates a compelling new private markets investment platform for clients.”
Forshaw added that the firm intends to deploy £10-20bn over the next decade into UK and global private markets. Phoenix Group plans to invest five per cent of its relevant savings products on behalf of its policyholders, in line with its Mansion House Compact commitment.
Ongoing fundraising will be led by both Schroders and Phoenix Group.
Read more: Schroders Capital launches wealth market LTAF
