Hermes Investment Management has appointed Stephane Michel and Andrew Lennox within its fixed income team in London, InvestmentEurope can reveal. These appointments make to 26, the number of investment professionals in the unit.
Reporting to Andrew Jackson, head of Fixed Income at Hermes, Michel will support Andrew in building out the asset based lending platform and the wider multi-asset credit (MAC) capabilities for the manager.
He will be responsible for identifying market opportunities, trends and strong risk-adjusted relative value across illiquid markets as well as making portfolio composition recommendations.
Michel has held a number of fixed income roles on the buy-side and sell-side, including five years at UBS AG. He has since then consulted on opportunities in the credit space ranging from regulatory capital trades to development of a CLO and direct-lending platform.
He will be in charge of making investment recommendations within the European ABS universe and report to Vincent Nobel, head of Asset Based Lending.
His duties will furthermore include building and developing systems and infrastructure to analyse, risk manage, report on and monitor European ABS assets.
Lennox was previously at BlackRock where he worked as a senior portfolio manager in the European Asset Backed Securities team, responsible for managing European securitised assets including traditional ABS and corporate style securitisations.
Prior to that, he worked 11 years at ECM, a Wells Fargo Company and also held roles at Goldman Sachs International.
Andrew Jackson, head of Fixed Income, said: “The wealth of experience that Stephane and Andrew bring will strengthen what is an already highly-skilled team. Their appointments allow us to develop our offering to pension funds and other long-term institutional clients.”
Hermes Investment Management has £33bn of assets under management.