03 May 2024

Investec appoints Head of Private Credit Management in Direct Lending expansion

Investec Bank plc (Investec) today announces the expansion of its Direct Lending platform with the appointment of Michael Miller to lead and grow its newly established Private Credit Management (PCM) team.


Investec Direct Lending is a European private credit manager, providing institutional investors, family offices and UHNW Individuals with exclusive access to high-growth lower mid-market borrowers. The creation of the PCM team marks the next stage in the evolution of Investec’s proposition to borrowers of private debt.
Set up as a dedicated investment management function for new and existing borrowers, the PCM team will manage a portfolio of over 120 existing clients. Under Michael’s leadership, the team will be responsible for managing the credit and risk oversight of Investec’s Direct Lending book as well as originating new revenue opportunities by supporting Investec’s clients through their growth lifecycle.
Michael will play a crucial role in setting up the team. He will work closely with Callum Bell, Investec’s Head of Direct Lending, to drive the continued growth of Investec’s Direct Lending business in the UK and Europe.
He brings over 20 years of financial services experience to the team, having previously worked for HSBC across M&A, loan markets and portfolio management. Aligning with Investec’s mid-market focus, Michael previously had responsibility for HSBC’s sponsor coverage and the leveraged finance portfolio team.

Michael Miller, Head of Private Credit Management, said: “I’m excited to be part of Investec and to lead this newly established team, employing our collective expertise and network of relationships to deliver the best outcomes for clients.

“I look forward to the contribution the team and I can make to building Investec’s position as a leader in direct lending across the UK and European markets.”

Callum Bell, Head of Direct Lending, said: “The investment into a dedicated Private Credit Management team represents another significant development in the evolution of Investec’s European Direct Lending platform. Private credit markets have seen unprecedented growth over recent years, and we see continued opportunities in the European lower mid-market – an area that has seen a growing volume of deals in recent years.”