Mirabaud Asset Management has hired Aviva Investors high yield head Andrew Lake and is preparing to launch a new fund following his arrival.
Lake is set to join the Swiss group and will report to its head of asset management Lionel Aeschlimann. He will be responsible for building a high yield proposition for Mirabaud’s clients, which includes the launch of an investment fund.
During the two years he spent at Aviva Investors, Lake was responsible for the firm’s High Yield funds.
Prior to Aviva, Lake spent four years at F&C Asset Management and has almost 15 years experience investing in the high yield sector, having started his career with Merrill Lynch Investment Managers (MLIM) in 1998.
Commenting on the appointment, Philip Watson, CIO at Mirabaud said: 'Andrew’s experience and reputation in high yield will significantly enhance an already very strong offering from Mirabaud Asset Management in general and the London offices of Mirabaud in particular.'