Pictet Asset Management expands private debt team

Written by Adam Cadle

28/11/2022

Pictet Asset Management (Pictet AM) has strengthened its fixed income offering with the recruitment of four private debt specialists.

The new private debt team is headed by Andreas Klein in London, who joined Pictet AM in early 2022. Klein was previously a managing director at ICG where he spent eight years helping to set up and build out the direct lending strategy.

Klein is joined in November by Axel Cordonnier and Jan Reichenbach, regional heads in the private debt team and Christian Eckert, senior investment manager.

Axel Cordonnier has been named head of private debt, France and is based in Paris. Prior to Pictet AM, he was at Ares Management for over a decade where he was a principal in their private debt investment team.

Jan Reichenbach is head of private debt for the DACH (Germany, Austria, Switzerland) region. He was previously a managing director and head of DACH and NL Private Debt at Muzinich where he established and grew their mid-market direct lending platform for German speaking Europe as well as for the Netherlands.

Reichenbach will be joined in Frankfurt by Christian Eckert, senior investment manager, who will support sourcing and execution in the DACH region. Previously, he worked for NIBC Bank in Frankfurt in the leveraged finance team.

The team will draw on Pictet AM’s global infrastructure and investment resources. A new direct lending fund, which will focus on corporate-lending in the lower mid-market segment, will launch externally in early 2023.

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