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Threadneedle names EMD heads in fixed income overhaul

Threadneedle names EMD heads in fixed income overhaul

Threadneedle Investments has hired John Peta from Boston-based Acadian Asset Management to lead its emerging market debt (EMD) team.

The hire was unveiled alongside a number of other key appointments as part of the London-based firm's restructuring of its fixed income team.

Peta (pictured), who has 20 years' experience, will co-head the eight-strong team with Henry Stipp, who has been at Threadneedle since 2001, and the duo will be responsible for €2.2 billion in EMD assets.

Among the funds included in Threadneedle's current Luxembourg-domiciled EMD range are the Threadneedle Emerging Market Corporate Bond and the Threadneedle Emerging Market Debt funds, managed by David Oliphant and Henry Stipp respectively.

Peta will assume responsibility for a variety of strategic initiatives across the emerging market business, including a focus on local currency debt while Stipp will retain responsibility for external debt portfolios.

The pair will also lead the emerging market macro economic strategy group, which formulates Threadneedle's emerging market investment strategy across its fixed income range.

At the same time, Threadneedle has made a number of other hires across its fixed income range, which controls €35 billion in assets.

These include Tammie Chan, who joins from Pembroke Managing Agency as a fund manager focusing on investment grade bonds and Ryan Staszewski, who joins from JP Morgan as a corporate credit analyst within the investment grade team. They are joined by ex Goldman Sachs bond specialist James Water.  

Threadneedle has also recently hired Clifford Lau as head of Asia Pacific fixed income, who will be based in Singapore, and Zara Kazaryan, who joined the team as an EMD fund manager, as reported by Citywire in May this year.

The appointments of Peta and Stipp fill the void at the firm following the departure of previous EMD head Richard House to Standard Life Investments earlier this year.

The hires are part of major restructure of Threadneedle's fixed income business in April in bid to coordinate macro strategies across developed and emerging market debt operations.

Within this, a new operation called the Global Macroeconomic Strategy Group has been established to incorporate members of Threadneedle’s government bond and EMD teams.

Commenting on the hire of Peta, Threadneedle head of fixed Jim Ceilinski said: 'He brings outstanding experience across a wide range of emerging markets and his appointment further strengthens our established EMD capability, as well as our broader fixed income platform.

'John’s specialist expertise, particularly in local currency debt, significantly enhances the experience of the team and we look forward to his contribution to our culture of collaboration, discussion and debate.'

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