Adams Avenue Companions has appointed Jim Walker as world head of wealth, because it steps up its efforts to broaden 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 non-public wealth viewers.
Walker has been chief working officer at Adams Avenue for almost 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 position he’ll focus notably on creating and scaling of services for monetary advisers and their purchasers.
He’ll break up his COO duties with chief monetary officer Michael Kurlander.
Learn extra: Adams Avenue non-public credit score head highlights the advantages of lead lender standing
Adams Avenue runs $59bn (£45.7bn) for purchasers throughout non-public fairness, together with enterprise, and personal credit score investments. The agency joins different different asset managers, comparable to KKR, Carlyle and Ares Administration, which have arrange devoted wealth divisions to broaden entry to personal markets and widen their distribution.
“Our Non-public Wealth platform advantages from Adams Avenue’s greater than 50 years of expertise,” stated Walker. “There’s vital demand from advisors and their purchasers for high quality non-public markets investments. Adams Avenue can present entry, institutional high quality origination, and portfolio building in methods which might be accessible to personal wealth purchasers.”
Jim is a pure match for this position as a senior chief with deep funding acumen and vital operational expertise. His intensive expertise in wealth administration will speed up our progress in non-public wealth,” added Jeffrey Diehl, managing companion & head of investments at Adams Avenue.
Learn extra: Adams Avenue raises $1bn for first CLO
Learn extra: British Enterprise Investments commits €60m to Adams Avenue fund
