Credit Suisse has handed EM veteran Gonzalo Borja more firepower on his corporate bond-focused fund by assigning Andranik Safaryan to work alongside him, Citywire Selector has learned.
Safaryan, who has been with the Swiss firm since 2011 in a number of roles, will serve as a co-portfolio manager on the $516 million CS (Lux) Emerging Market Corporate Bond fund.
Citywire + rated Borja has overseen the Luxembourg-domiciled fund since April 2012, when he replaced Thomas Rutz, who has since joined German group MainFirst.
During his tenure, Borja has overseen several funds covering global and emerging market corporate bond funds. He joined the firm in 2012 and is a senior portfolio manager focused on emerging market fixed income.
Meanwhile, Safaryan was previously at Clariden Leu, which was taken over by Credit Suisse and has a history of working in Russia and CIS-focused markets. He most recently served as a credit analyst specialising in hard currency debt.
The CS (Lux) Emerging Market Corporate Bond fund returned 12.5% in US dollar terms, which compares with a 12.3% rise by the BofA Merrill Lynch EM Corporate Plus TR, its Citywire-assigned benchmark, over the same period.