AXA Investment Managers (AXA IM) has restructured its emerging market debt team as Damien Buchet’s August departure from the firm nears.
AXA IM will merge its emerging market and Asian teams into one group to better address the importance of the global emerging market debt asset class to investors in the future.
The newly merged team will be co-managed by Asian debt markets head Jim Vineau and fixed-income chief Chris Iggo until a replacement for Buchet is hired, the company said. In total, the group comprises six portfolio managers, two credit analysts and one research assistant, supported by two portfolio engineers, four fixed income traders and two emerging market economists, noted the company.
Concurrently, former Ignis portfolio manager Sailesh Lad has joined AXA IM as a senior portfolio manager and will take over the firm’s AWF Emerging Market Short Duration fund and AWF Global Emerging Market Bond fund, subject to regulatory approval, and former Unicredit credit specialist Olga Fedotova has been appointed head of emerging market credit.
“The creation of a global emerging markets debt team, combining our teams from Hong Kong, Paris and London, recognizes the increasing attractiveness of this asset class and our belief that investors will continue to increase their weightings towards emerging market debt,” said John Porter, global head of fixed income and structured finance for AXA IM.
AXA Investment Managers is one of the largest asset managers in Europe, with more than €600 billion in assets under management.