J. P. Morgan Asset Management (JPMAM) has hired six new members to its global fixed income, currency & commodities (GFICC) division.
The investment specialists, all of who will be based in London, will support portfolio management and deliver portfolio solutions for clients as well as communicating market outlook, investment strategy and investment performance.
Karine Mercado, Rohan Duggal and Claire Cullen start immediately and will report to Travis Spence, head of the fixed income investment specialist team for Europe, the Middle East and Africa (EMEA). They have been appointed lead investment specialists in EMEA for core fixed income strategies, high yield strategies and global credit strategies respectively.
Mercado will also focus on JPMAM's global government and aggregate capabilities and joins from German chemical company BASF, where she manage the credit sleeves of the company's North American and German pension plans. She has also held positions at PIMCO, African Development Bank and RBS Greenwich Capital Markets.
Duggal will work on the group's range of global high yield, distressed debt and leveraged loan strategies for clients across EMEA. He most recently worked at Blue Mountain Capital Partners as senior portfolio specialist and client adviser. Prior to this, he held a number of positions at Goldman Sachs & Co for over a decade.
Meanwhile, Cullen will look after JPMAM's capabilities across investment grade and flexible global credit. She joins internally, having been an employee since 2008 and was most recently chief finance officer for the GFICC business.
Further appointments include Giles Bedford, Liam Moore and Wei Chu. Bedford, who will start in mid-June, has been appointed emerging market debt (EMD) investment specialist and will report into Zsolt Papp, lead EMD investment specialist.
Moore will focus on unconstrained strategies and report into Marika Dysenchuk, investment specialist for unconstrained fixed income strategies, and Chu will support the group's insurance fixed income team and report into Gilles Drukier, lead insurance fixed income investment specialist in EMEA. They started earlier this year.
Commenting on the appointments, Travis Spence said: "Global fixed income markets are in a period of unprecedented change with shifts in monetary policy, rising interest rates and late cycle behaviour emerging in the credit cycle.
"These inflection points require talented investment professionals to help clients navigate the increasingly complex nature of markets and advise them on the fixed income investment solutions best suited to their individual needs.
"We are expanding our resources to meet this demand and are very pleased to have Karine, Rohan, Claire, Giles, Liam and Wei join our now 18-strong fixed income investment specialist team servicing clients across this region."
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