Henderson hires two senior credit analysts
Henderson Global Investors has made two senior hires to its credit analyst team as European investors continue to seek more attractive yields than those available on core Continental bonds.
Pieter Staelens (pictured) and Rob Orman both have extensive experience in the field, having previously worked at well-respected credit asset management houses.
Henderson’s move comes on the back of continued demand for the asset class as an alternative to the meagre yields of government debt. Lyxor’s latest report on flows into exchange traded products revealed corporate and high yield products made up more than half of total inflows into ETFs year to date.
Henderson’s head of credit Stephen Thariyan said the firm has been looking to expand its active credit team for some time, to help sustain the performance of its funds and meet client demand.
Pieter Staelens joins from James Caird Asset Management, where he held the position of senior credit analyst in the European high yield strategy team. Previously, he has also worked as a senior credit analyst at multi-strategy hedge fund CQS. Both firms are well known for their credit management capabilities.
Rob Orman joins the firm from Royal Bank of Scotland, where he headed up investment grade strategy. His experience in the field stretches back to 1990.
Other managers have been expanding their credit teams too. Most recently Legal & General Investment Management hired Marion Stommel from WestLB Mellon Asset Management as head of credit, in response to the popularity of its fixed income products.
Some £16bn of Henderson Global Investors’s total assets of £63.6bn are in fixed income products. Over three years, the majority of its fixed income funds (98%) have met or outperformed their benchmarks, the group said.