Investcorp, a leading global alternative investment firm, today announced the next generation of leadership to drive the continued growth of the liquid credit investment strategies which are focused on the broadly syndicated loan (BSL) markets. Neil Rickard, Managing Director and Head of Credit Research in Europe, will become Co-Head with responsibility for the European business, alongside Corey Geis, currently Managing Director and Head of Trading and Capital Markets in the US, who will become Co-Head with responsibility for the US business. Their new positions become effective 1 April 2025.

Both Jeremy Ghose and Tom Shandell are retiring from their current executive roles as global head Credit Management and head of liquid credit investments in the US respectively, after distinguished multi-decade careers in the credit investment management industry. From 1 April Jeremy will step down to become non-executive Chairman of the business and continue to participate in various investment committees until his retirement on 31 July 2025, while Tom will continue to provide support and continue to participate on the US credit investment committee until his retirement on 30 June 2025, thereby offering strategic guidance and ensuring a smooth transition to Neil and Corey as they step into their enhanced roles.

Today, Investcorp manages approximately $53 billion in assets in total, including assets managed by third party managers, of which $23 billion in assets are credit investments.

Mohammed Alardhi, Executive Chairman of Investcorp, said: “Firstly I would like to thank Jeremy and Tom for their exemplary leadership of our Credit Management business. They 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. 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”.

Jeremy Ghose, outgoing Managing Partner and Chief Executive Officer of ICM, said: ”Having led the Credit Management business since its inception, it is time for me to step back and lay the groundwork for the next chapter of the organization, and also for myself. Building the business has been one of the greatest privileges and I am deeply grateful to all our investors, partners and colleagues, who have trusted us and contributed to our success. I leave knowing that the strong foundation that we’ve built together will support continued growth and success.”

Tom Shandell, outgoing Head of US CLO and Broadly Syndicated Loans, said: “It has been a pleasure to watch Investcorp’s credit business continue to grow and strengthen to become a leading global credit provider. I have worked with Corey for many years and know that the US business is in the best hands moving forward as it continues to source attractive opportunities intended to generate positive returns for our investors. I look forward to watching the team’s continued success in the future.”

Neil Rickard, incoming Co-Head and Head of ICM Europe, said: “It’s an exciting time with significant opportunities for tradable credit and private debt in Europe and the US. With our deep breadth of capital markets relationships, Corey and I will continue to capitalize on Investcorp’s ability to source and trade investments, while looking towards sustainable and consistent growth for the business globally.”

Corey Geis, incoming Co-Head and Head of ICM US, said: “Since joining Investcorp, I have been constantly impressed with the strength of the team and its ability to source high-quality investment opportunities across the US. As I take on this new position, in partnership with Neil, I look forward to continuing the work started by Jeremy and Tom that has established Investcorp as a leading global credit manager.”

Neil Rickard has been a part of the Credit Management team in Europe since 2011. Prior to this, Neil worked at Mizuho Corporate Bank from 2005.

Corey Geis has been a part of the Credit Management team in US since 2017 and has almost three decades’ experience in credit, including at GoldenTree Asset Management and TD Securities.

Source: Invesco