Invesco’s former head of emerging market debt Jack Deino has joined BlackRock to oversee corporate portfolio management within the US asset manager’s emerging markets debt team, Citywire Global can reveal.
Deino stepped down from Invesco in August after a decade with the group in its Atlanta office. He had overseen several of the firm’s larger EMD funds.
His departure led to Invesco announcing several changes across its emerging market debt funds, including the Invesco Emerging Local Currency Debt fund.
In his new capacity, Deino will be based in New York and report to Sergio Trigo Paz, managing director and head of BlackRock's emerging markets fixed-income team.
It has not been revealed which funds Deino, who joined the group last week, will focus on upon assuming his full responsibility within the unit.
This marks the second major change within BlackRock’s emerging market debt team this year, which saw Christopher Kelly, formerly deputy head of EMD, step down in January. He subsequently joined US group Oppenheimer.