Schroders Capital has recruited Mark Bruen as head of private credit solutions in its private asset solutions team.
He was previously head of fixed income solutions at Federated Hermes International, a role he had held since September 2017, having joining the business in 2013.
Schroders said the hire reflected “client demand for outcome-oriented and multi-private asset investments”.
Based in London, Bruen will report to David Seex, head of private asset solutions, and focus on delivering income-oriented solutions as part of the newly-created role.
His nine years at Federated Hermes followed a five-year stint at BlackRock, where he was latterly vice president, iShares Emea product strategy. Bruen started his career at Accenture in 2004.
Seex said: “Mark brings deep multi-asset class investment knowledge across both public and private credit markets, as well as strong structuring expertise.
“This appointment demonstrates the growth of our business and the demand we are seeing amongst our clients for solutions in this space.”
See also: Federated Hermes bolsters global fixed income team with Aviva hire
