Thames River hires from UBS in credit team shake-up

Thames River has hired UBS head of credit trading Brett Golledge as part of a revamp of its credit team which will also see COO Chris Currington and manager Mehrdad Noorani leave the business.

Noorani was co-manager alongside credit team head Stephen Drew on four Thames River funds: the $409m High Income fund, the €134m Global Credit fund, the €50m Global High Yield fund and the €42m Credit Select fund.

Subject to regulatory approval, Golledge will now take Noorani's place as named co-manager on each fund.

The changes follow the recent appointment of Jennifer James as head of credit research. James joined from Gruss Asset Management.

Thames River said the restructure of the team would help it address the expected ongoing volatility and funding issues in credit markets during 2012 and beyond.