UK asset manager M&G Investments has promoted Matthew O'Sullivan to a newly-created position as head of Asia Pacific origination.
Based in Singapore, he will be responsible for building a credit and alternatives origination team, M&G says in a statement on December 2.
"The team will originate investment opportunities in Asia Pacific which will enable M&G to diversify its assets and expand its investment universe," the company says.
Mr. O’Sullivan, who has worked at M&G since 2006, was previously the London-based co-head of asset-backed securities credit research.
He reports to Alex Seddon, the company’s co-head of private credit, in his new role.
According to William Nicoll, M&G’s head of institutional fixed income, Mr. O’Sullivan’s appointment will "provide our fund managers with excellent investment opportunities".
"Private assets are ever-evolving and establishing a regional presence will put us closer to the management of the companies we are lending to, originators we can partner with and relationship banks in Asia Pacific, which will ultimately benefit our institutional clients who seek the value on offer in this asset class," Mr. Nicoll says in the statement.
M&G had £27.4 billion (US$35.45 billion) of private credit assets under management as of end-June 2019.