Schroders Capital has appointed Intermediate Capital Group’s Ingo Heinen into the newly-created role of global head of business development and product.

Heinen served as ICG’s head of marketing and client relations for EMEA for over two years, and before this role spent over a decade at BlackRock. He also gained experience with RBS, Nomura and Merrill Lynch.

Georg Wunderlin, global head of private assets at Schroders Capital, said: “Ingo’s hire marks an important milestone, underpinning Schroders Capital’s growth ambitions in private markets as we aim to deliver the best investment solutions for our clients across the world.

“Ingo brings a wealth of business development and product experience from the top-tier of our industry and his arrival will greatly bolster our business at a time when investors globally are increasingly allocating to private markets to enhance the quality of their investment portfolios.”

In his new role, Heinen will lead the Schroders Capital private market fundraising efforts. In 2023, Schroders Capital brought in $11.6bn in fundraising across its private market capabilities on the global platform.

“I am delighted to join Schroders Capital at a very exciting time; the business is at an inflection point having grown extensively over the past five years and this momentum is set to accelerate further as clients increasingly look to Schroders Capital for their private markets investment needs,” Heinen said.

“I am looking forward to delivering the client perspective to Schroders Capital’s investment engine and to delivering Schroders Capital to private markets allocators globally in partnership with the existing teams.”