Henderson Global Investors has appointed Steve Drew as head of emerging market credit,with further hires planned later this year.
Drew, who was formerly head of global and emerging credit at Thames River Capital, has joined the £17.3bn fixed income team run by Henderson’s global head of credit Stephen Thariyan and head of fixed income Phil Apel.
Thariyan said: “We will actively seek to apply Steve’s expertise to our existing portfolios for the benefit of our clients as his approach to investing, combining top down macroeconomic perspectives with security selection, fits well with our established method.
“During 2014 we plan to hire an investment team specialising in emerging market credit to support Steve. This will give us the background to launch products in the area.”
Drew previously made a name for himself running Thames River Capital's Global Credit fund, beating his first-year targets with top returns.
He said the decision to join was based on his conviction emerging market credit will form an important part of the future business: “This is an exciting time for Henderson and I look forward to working with Stephen and the team.”
