Threadneedle appoints senior manager, emerging market debt
18 October 2012
By Asia Asset Management
Threadneedle has appointed John Peta as senior fund manager to lead the firm’s emerging market debt (EMD) team along with Henry Stipp, who has been at the firm since 2001. Together they will also lead the eight-strong emerging market macroeconomic strategy group, which formulates EM investment strategy across a range of Threadneedle’s fixed income products. Threadneedle manages £1.8 billion (US$2.9 billion) in emerging market debt.
Mr. Peta joined Threadneedle on October 15 and reports to Jim Cielinski, head of fixed income. He will assume responsibility for a variety of strategic initiatives across the emerging market business, including a focus on local currency debt strategy. Mr. Stipp will retain responsibility for hard currency debt portfolios.
Mr. Peta joins Threadneedle from Boston-based Acadian Asset Management, where he was head of EMD, having joined the firm in 2007. He brings over 20 years’ experience in fixed income and sovereign analysis, and has extensive expertise in emerging market (EM) local currency debt covering over 30 countries including frontier markets.
Mr. Cielinski commented: “I’m very pleased to welcome John to Threadneedle. He brings outstanding experience across a wide range of emerging markets and his appointment further strengthens our established EMD capability, as well as our broader fixed income platform. John’s specialist expertise, particularly in local currency debt, significantly enhances the experience of the team and we look forward to his contribution to our culture of collaboration, discussion and debate.”
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