Private credit might be less attractive than it was last year as investors rush into the market, but there are sweet spots to be found.
Ince will manage the business over the next six months while current chief executive Andrew McKinnon makes his exit and the Swiss firm finds a permanent replacement.
Following this period, Ince will stay on as executive vice chairman and as a director on the board of Credit Suisse Asset Management in Australia.
Ince is a well-known figure in local fund management circles and has weathered his fair share of transitions. He established Portfolio Partners in 1994 and remained joint chief executive after the acquisition by Norwich Union until 2001. He was also a director at County NatWest (now Invesco) and Wardley (now HSBC Asset Management).
In 2003 he was appointed a director of Ronin Property Group until it was bought my Multiplex in November 2004.
Currently he is a director of Everest Capital and Everest Babcock & Brown Alternative Investment Management.
Ince will be based in Sydney and report to Larry Haber, chief operating officer for the asset management business.
Regulators keep their eyes open on tightening insurance industry by introducing more detailed risk management requirements, which could bring pressure on smaller players.
China and India are more obvious choices for AustralianSuper to consider in Asia Pacific, but the super fund currently lacks the expertise and prefers to stick to the US and Europe.
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Investors are increasingly turning to private companies and private debt in their hunt for ESG alpha, but the age-old problem of transparency and due diligence remains