BlueBay Asset Management, a London-based manager of fixed income and alternative investments, has appointed sovereign debt specialist David Riley to the role of partner and head of credit strategy.
Riley will take up his role in mid-September 2013 and will report to the firm’s chief investment officer Mark Poole.
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In this new role, Riley will be responsible to strengthen the work between BlueBay’s sovereign and credit experts and develop BlueBay’s product offering and expanding capabilities within the asset allocation space.
Riley joins BlueBay from Fitch Ratings, where he led the global sovereign and supranational financial institutions group for over 10 years.
Poole said: "We believe market developments since 2008 demonstrate that the pricing of sovereign and corporate risk is becoming increasingly interdependent. Sovereign credit risk can determine where corporates are able to issue, and equally no sovereign can escape the implications of fundamental weakness in its domestic banking sector."
"The interconnectedness of David’s skill set gives him a valuable insight into a diverse range of products and asset classes, which will prove truly beneficial in his role on the asset allocation committee. David will also be a significant resource in conveying our key messages to our clients on a regular basis," added Poole.
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By GlobalDataBlueBay manages US$55.7 billion and specialises in bond trading.
