Henderson to hire EM credit team

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Henderson Global Investors is in the process of hiring an emerging markets credit team and also plans to make two new appointments to its US-based subsidiary, the firm has revealed.

The group’s head of credit, Stephen Thariyan, made the announcement of new hires as part of a market update for Henderson’s credit funds.

In the conference call, the Citywire AA-rated manager said they are actively scouting to add new recruits to their 24-strong credit team which could also lead to new fund launches.

He said: ‘We now have access to various skill-sets in the US and various skill-sets in the UK, and, what we expect, is to add to both the high grade space in the US and also to the emerging markets space in Europe as well.’

The first new appointments, which are due to take place over the next few months, will be to the Philadelphia-based team under Kevin Loome.

Loome, along with five credit analysts, were brought on board by Henderson from Delaware Investments in February 2013 as part of wider plans to target the US credit market.

In addition, Thariyan intends to bolster the coverage of developing world debt and said Henderson was on the cusp of adding to capabilities here.

‘Also, we are in the latter stages of looking at an emerging markets credit team which will also benefit and add to the portfolios we currently run, while also potentially a standalone emerging market corporate credit mandate.’

Henderson Global Investors’ credit unit currently oversees €15 billion in assets across various funds and mandates.