Dubai: Investcorp, a leading global provider and manager of alternative investments, announced the appointment of Phil Yeates as Managing Director to head its European Credit Funds business, a newly created business vertical for Investcorp Credit Management (ICM).

Phil will be based in London and will oversee the structuring and fund-raising for closed ended credit funds and separately managed accounts in Europe. Phil will report to Jeremy Ghose, Head of Investcorp Credit Management, the firm’s global credit investment business.

Phil joins ICM following 24 years at Rothschild & Co, where he was instrumental in establishing and developing the Global Credit Management business. He brings with him over three decades’ experience in debt capital markets having started his career in Corporate Debt at Hill Samuel Merchant Bank and NatWest Markets.