Investec Asset Management has appointed Peter Burbank to the newly created role of Head of Credit Research in London.
His is the latest in a line of new appointments to Investec's 25-strong fixed income team, following on from the recent hires of Anna Lees-Jones, Andrew Farrell and Kieron Roane.
Burbank, who has 15 years of credit experience, joins Investec Asset Management from Merrill Lynch, where he was a Director in Credit Research. He will manage Investec Asset Management's credit selection process overseeing bottom-up issuer analysis.
"Our fixed income business has enjoyed considerable success in recent years and we are continuously striving to build on this.
In the five months since April this year, our London-based fixed income team has exceeded all expectations by securing £530 million (R6.36 billion) in new mandate wins.
Hendrik du Toit, CEO of Investec Asset Management said that the broadening of the fixed income team is a clear indication of the group's commitment to fixed income markets and a response to increasing demand from clients.
"The team-oriented approach is founded on a clear philosophy of how fixed income markets operate, allowing them to exploit a variety of sources of return and then combine them in an appropriate manner to meet our clients' appetites for risk and return."
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