Nicoll, who spent practically 20 years at M&G, will begin his new position on 3 October and report back to chief funding officer Piers Hillier.
Previous to becoming a member of the agency, he was liable for main a world crew managing roughly £70bn. Throughout his tenure on the M&G, he additionally held the roles of co-head of different credit score and head of institutional fastened revenue.
Royal London AM mentioned the appointment kinds a part of a “main strategic initiative” because the agency appears to develop funding capabilities into personal markets.
The asset supervisor defined that the present market and financial circumstances, notably increased rates of interest and the normalisation of bond markets, supplies a “extremely supportive surroundings” to develop this new providing.
“We imagine that non-public markets have an essential position to play in portfolios, with present market circumstances offering a really conducive entry level for our enterprise as we search to develop our vary of capabilities into this area,” mentioned Hillier.
“Will brings intensive expertise and a confirmed monitor report of constructing and managing funding capabilities on this space, and we imagine his expertise can be invaluable to our shoppers as we embark on this thrilling new initiative.”
Nicoll added: ”We’re seeing large progress in personal markets and I’m thrilled to be main the buildup of Royal London Asset Administration’s personal belongings enterprise.
“Personal markets, with their flexibility and innovation, are going to be a central a part of market developments permitting us to transition to a extra sustainable future. I’m desirous to get began and to construct a robust personal asset providing options for our shoppers which can work for them for many years to come back.”