Man Group has appointed Jon Rickert its head of European Private Debt as it seeks to expand its global private markets business Man GPM, the company announced.
Rickert will lead the commercial and residential property debt team's activities, particularly in the eurozone property markets - including areas of lending.
He joins from GAM where he led the property debt business for the past three years. His professional career spans a quarter of a century, including 15 years at JP Morgan, where he was part of the original team that initiated direct loans. In 2012 he joined Renshaw Bay as managing partner and founded their property debt business.
Mikko Syrjänen, co-head of Real Assets, Man GPM said: "We welcome Jon to our global real estate debt team where he will lead the European business. He brings a wealth of real estate financing experience with him and we are confident that he will be of significant value in driving the growth of our European lending activities. We are excited about the potential investment opportunities that await the team and our firm under his guidance."
Man GPM is focused on investments in private markets including real and corporate assets across the capital structure globally. It had some $2.5bn in AUM as at the end of December 2018, with teams in the US and Europe. Investments total more than £4bn across property debt in residential, office, industrial and retail sectors.