Jupiter Asset Management has hired Citywire A-rated Alejandro Arevalo to help the company expand its emerging market debt coverage.
Arevalo joins the firm from Pioneer Investments, where he oversaw two emerging market bond funds.
His departure prompted several changes to portfolio management team line-ups at Pioneer, as revealed by Citywire Selector.
In his new capacity, Arevalo will join the unconstrained bond team overseen by Citywire A-rated Ariel Bezalel, which has been increasing its exposure and knowledge in the emerging markets universe over recent years.
His appointment is part of a wider, strategic commitment by Jupiter to expand and build a dedicated emerging market debt business. Arevalo will be charged with spearheading this effort.
Commenting on the hire, Stephen Pearson, chief investment officer at Jupiter, said: ‘We have steadily built out our fixed income team in recent years and have been keen to develop our emerging market debt capabilities as part of this expansion.
‘We believe Alejandro’s track record, investment process and flexible approach will add significantly to our expertise in this area as we look to broaden our fixed income product suite.’
Arevalo, who will formally join Jupiter later this year, brings with him 18 years’ investment experience. Prior to his four-year stint with Pioneer, he also worked at Standard Bank Asset Management, Gibraltar Bank and the International Bank of Miami.