TwentyFour Asset Management has hired a new head for its US business from Crédit Agricole as the firm plans six further hires in its New York office.
David Norris will join the firm in New York later this month as head of US credit and will lead the US division following the departure of US high yield specialist Robert Arnold.
Fixed income specialist TwentyFour opened its New York office in 2016, led by portfolio manager Pierre Beniguel and Arnold.
Previously, Norris was director of high yield credit trading at Crédit Agricole where he had worked for three years. He also spent five years as an executive director in the high yield credit trading team at BNP Paribas.
At TwentyFour, he will also be a member of the firm's multi-sector bond team, which manages the Strategic Income and Dynamic Bond funds.
Chief executive Mark Holman said the firm expected to make as many as six further hires in the US next year, across all parts of the business.
"Hiring someone with the level of experience, expertise and track record that David has is a great positive for the firm and our clients," he said.
"He is very well known to many of us at TwentyFour from his time on the sell side, which made the hiring decision a lot easier for both parties."
Back in its London headquarters, the company has made three appointments across its three investment teams.
Charlene Malik joins the multi-sector bonds team, led by Holman and Gary Kirk, working on portfolio optimisation. She joins from Citigroup where she worked in credit sales for seven years.
On the asset-backed securities team, Pauline Quirin joins from her role as a junior portfolio manager for fixed income at Twenty First Capital. This team is led by partner Ben Hayward and includes the £684m Monument and £484m Income funds.
Lastly, Johnathan Owen joins Chris Bowie's outcome-driven team, having previously completed an internship at Baillie Gifford following a Masters degree at Edinburgh University.
The firm, which is celebrating its ten-year anniversary this year, is also launching its first graduate scheme this month with three candidates joining the business for 16 months.
"Successful applicants have immediate and regular contact time with senior management, giving them unrivalled training and hands-on experience designed to launch their careers in asset management," the firm said in a statement.
"Candidates are fast-tracked to their preferred business area with rotations across all business functions, providing a critical understanding of how an asset management business operates."
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