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RWC replenishes convertibles team after co-manager’s departure

RWC replenishes convertibles team after co-manager’s departure

Star convertible bonds manager David Basile has strengthened his team at RWC after losing his co-manager.

Lakshman Harendran was named in November as joint lead manager with Basile of the RWC Core Plus fund, but has now left the firm.

Harendran moved to the London-based company from Morgan Stanley in 2010, reuniting with his former colleague Basile.

Basile has now added two further analysts to his team: Laro Escalada from UBS and Uday Sikand, an internal promotion. They will work alongside existing analysts Michelle Shi and Esther Watt.

Citywire A-rated Basile currently runs three convertible bond strategies: RWC Asia Convertibles, RWC Core Plus, and RWC Global Convertibles.

The flagship £1.3 billion (€1.6 billion) Global Convertibles fund has returned 19.6% over the past three years, compared with a peer group average of 18.2%.

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