LBP AM appoints former Schroders private assets exec
La Banque Postale’s third-party asset manager LBP AM has appointed Peter Arnold as head of its European private assets platform.
Arnold, who was global head of private asset business development at Schroders between June 2019 and January 2024, will report directly to LPB AM management board chair Emmanuelle Mourey.
He will be responsible for expanding the firm’s investment capabilities, widening the product offering and accelerating pan-European development of the platform.
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Arnold has more than 30 years’ experience in the banking and asset management sector, where he has held various management positions, notably in business development, marketing and fundraising.
At Schroders, he played a key role in the development of the Schroders Capital platform, dedicated to unlisted assets.
Previously, he spent 19 years at Citigroup, initially in the multi asset solutions team, before creating and leading the private funds group business from 2009 to 2019. Arnold began his career in sales at JP Morgan, Société Générale and UBS.
“Thanks to his in-depth knowledge of investor expectations and his successful experience in developing several European private debt activities, Peter brings significant added value to our private asset expertise,” said Mourey. “LBP AM will thus be able to position itself as a key partner for its clients in Europe, in a rapidly expanding sector.”
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Arnold added: “LPB AM European private assets platform was one of the early adopters in investing in private assets back in 2012. The team has built an impressive track record since then and is poised for continued growth, helping LPs globally navigate the European private markets as they evolve and grow.”
LBP AM is 75 per cent owned by La Banque Postale and 25 per cent by Aegon Asset Management. The platform has €9.5bn (£8bn) of assets under management (AUM), and invests across corporate private debt, infrastructure debt and real estate debt.
It has invested more than €8bn in private debt and has three investment divisions: real and private assets, multi-asset and absolute return, and quantitative solutions.
LBP AM Group, which includes its subsidiary La Financière de l’Échiquier, had consolidated AUM totalling close to €72bn as of 30 September 2024.
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