Neil Rickard and Corey Geis were named as co-heads of alternatives firm Investcorp’s liquid credit investment strategies, effective April 1.
The appointments come as Jeremy Ghose, CEO of Investcorp Credit Management, and Tom Shandell, head of U.S. collateralized loan obligations and broadly syndicated loans, responsible for liquid credit investments in the U.S., are set to retire from their executive roles, the firm said in a news release.
Ghose will become non-executive chair of the business effective April 1, and will continue to participate in various investment committees until he retires on July 31. Shandell will continue to support and participate on the U.S. credit investment committee until his retirement on June 30. The two will provide a smooth transition as Rickard and Geis take on their “enhanced” roles, the release said.
Rickard, a managing director and head of credit research in Europe, will take on responsibility for the European liquid credit strategies business. Geis, a managing director and head of trading and capital markets in the U.S., takes on responsibility for the U.S. business.
The liquid credit strategies are focused on the broadly syndicated loan markets. Investcorp runs a total $53 billion in assets across three global business lines: private equity and private equity-like, real assets, and credit. Its credit assets total $23 billion.
Ghose and Shandell “contributed immensely to our growth journey, and they have grown this strategy to where it now sits as one of the leading credit businesses globally,” said Mohammed Alardhi, executive chair, in the release. “This is an exciting moment as we usher in a new generation of talent. Neil and Corey have shown their expertise in credit markets and have impressive pedigrees and long-established histories with the business. With them leading these liquid credit investment strategies, I am confident that we will continue to grow, particularly as this strategy has gained global momentum in recent years.”
Spokespeople could not immediately be reached for further information.
