People Moves roundup: ING IM, Lyxor and Investec
The departure of ING IM emerging market team members is among the key recent announcements of people moves.
Lyxor in Switzerland
Lyxor Asset Management is reinforcing its presence in Switzerland, with the appointment of David Keel as head of Institutional Asset Management Sales in German-speaking Switzerland.
Based in Zurich, he will report to Oliver Stahlkopf, head of sales for Germany, Austria and German-speaking Switzerland. Keel will focus on expanding Lyxor’s alternative and multi-asset investment businesses.
Keel joins from Barclays Capital Funds Solutions where he was responsible for its Swiss institutional client business. From 2002, he spent nine years with fund of hedge funds and commodity specialist Harcourt where he acted as Managing Partner and Head of Business Development. Before that, he was Financial Consultant at Merrill Lynch from 1999 to 2002.
Investec co-managers for Energy
Charles Whall and Tom Nelson will become joint co-Portfolio Managers of Investec’s Global Energy portfolios. Both joined in September 2012 as energy investment specialists within the Commodities & Resources Team, supporting Bradley George, Head of Commodities & Resources.
Nelson joined from Guinness Asset Management where he worked since 2005, most recently as co-portfolio manager of the successful Guinness Global Energy Fund. Whall, the top rated oil and gas buyside analyst in the 2012 Thompson Extel survey, joined from Newton Asset Management.
ING Investment Management EMD team
Sylvain de Ruijter has been appointed acting head of the Emerging Markets Debt boutique, following the departure of several members of the team, including co-heads Rob Drijkoningen and Gorky Urquieta. Fund managers Bart van der Made, Raoul Luttik and Prashant Singh will also leave ING IM with immediate effect.
De Ruijter, who has been with ING Investment Management since 2001, has 23 years of investment experience and a strong track record both as an investor and in team management.
Jaco Rouw has also been appointed to the EMD team. Most recently he was senior portfolio manager for currency strategies within the global strategy and tactical asset allocation Group.
Together with senior EMD portfolio managers Joep Huntjens (Asia) and Victor Rodriguez (US), de Ruijter and Rouw will have responsibility for the day-to-day positioning, trading and operational control of all EMD mandates and funds.
The team now comprises 23 dedicated EMD investment professionals located in The Hague, Atlanta and Singapore.
Insparo Asset Management in commodities
Insparo Asset Management has appointed commodity specialist Lucas Wurfbain to oversee a new global Food Fund, expected to be launched later this year.
Wurfbain previously worked at Fortress Investment Group, Rubicon Fund Management and Global Asset Management (GAM). He joins Insparo’s six-strong investment team, led by CIO Mohammed Hanif.
With the spotlight firmly on rising food prices and rapidly shrinking global food resources, Insparo believes the new fund will be able to capitalise on the growing dislocations in the market.
The firm is also seeding an EM local markets fund, expected to be launched shortly.
Muzinich & Co. in emerging market debt
Corporate credit and high yield specialist Muzinich & Co. has appointed an emerging market corporate debt portfolio manager.
Warren Hyland joins from Schroders, where he was a London-based senior portfolio manager specialising in emerging market corporate debt and global high yield.
Hyland will broaden the scope of Muzinich & Co.’s emerging market debt capability. The increased research and investment capacity will initially feed into suitable existing mandates and investment products.
George Muzinich, founder, chairman and CEO said emerging market debt is an increasingly important part of corporate credit, a specialist area for the firm.
BNY Mellon’s Atzeni for Sukuk Association
BNY Mellon has confirmed that Giambattista Atzeni has been elected as the 2013 chairman of the Gulf Bond & Sukuk Association’s Steering Committee.
Atzeni, vice-president, Corporate Trust MENA and Turkey for BNY Mellon, succeeds Andrew Dell, head of Central and Eastern Europe Middle East Africa Debt Capital Markets and CEO Africa for HSBC.
The Gulf Bond and Sukuk Association (GBSA) is the regional trade association representing the Arabian Gulf bond and sukuk market.