Schroders expands Global Fixed Income with EMD Relative Return appointments
Schroders has expanded its fixed income team by appointing four senior professionals to develop its capabilities in the Emerging Market Debt (EMD) Relative Return sector.
James Barrineau has joined the New York office this week as Head of Latin American Fixed Income and Co-Head of EMD Relative (with Rajeev de Mello, Head of Asian Fixed Income), Fernando Grisales as a Senior Portfolio Manager and Alec Moseley as a Senior Portfolio Manager and Sovereign Research Analyst.James will report to Karl Dasher, Global Head of Fixed Income and Fernando and Alec will report to James.
These new appointments join from Ice Canyon, a California-based global investment management firm specialising in emerging markets and global credit investment strategies. Previously, they worked together at Alliance Bernstein where they shared responsibility for managing more than US$15 Billion in EMD relative return strategies.
In addition, Chris Tackney will join next month as Senior Portfolio Manager, Emerging Market Corporate Bond, reporting to Wes Sparks, Head of US Fixed Income. Prior to joining Schroders Chris was an Asia Credit Trader at Credit Suisse, Portfolio Manager in the Emerging Market Credit Fund at Black River Asset Management and Emerging Markets Portfolio Manager at BlackRock Advisors.
All of the new roles will involve working with the London, Asian and Latin-American based EMD professionals in further developing and managing Schroders’ EMD relative return strategies.
Karl Dasher, Global Head of Fixed Income, comments:
“We are extremely pleased that Jim, Fernando, Alec and Chris have joined us to grow the business in the EMD relative return sector, which is a long-term strategic objective for the fixed income business*.
Investors are increasingly seeking benchmark comparable fixed income strategies that take advantage of the emerging market growth story as the developed world continues to struggle with volatility and an uncertain outlook.
“We already have a well established EMD absolute return team** with a successful 15 year track record under Geoff Blanning. Growth in EMD relative return will further complement our offering in this important sector. I am confident that Jim, Fernando, Alec and Chris’ track record managing EMD should ensure a successful expansion of our business into the relative return space.”
* Schroders Fixed Income team of nearly 100 investment professionals globally manage in excess of £41 billion ($66.5 billion) as at 31 March 2012
** Schroders Emerging Market Debt Absolute Return team manages in excess of £4.5 billion ($7.2 billion) as at 31 December 2011
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Schroders is a global asset management company with £187.3bn (€224.2 billion, $291.0 billion) under management as at 31 December, 2011. Our clients are major financial institutions including pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors.
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