Hermes Investment Management, the £33.0 billion manager, has today announced the expansion of its Fixed Income team with two new hires in London.
The appointments are representative of the firm’s approach to providing current and prospective clients with access to all areas of global credit markets. The Fixed Income team is now 26-strong, providing solutions across both public and private debt markets.
Stephane Michel has been appointed as Senior Portfolio Manager as of 19th March 2018. Reporting to Andrew Jackson, Head of Fixed Income, Stephane will be using his breadth of experience to assist Andrew in the build out of both the Asset Based Lending platform as well as the wider Multi-Asset Credit (MAC) capabilities for Hermes. He will be responsible for identifying market opportunities, trends and strong risk-adjusted relative value across illiquid markets as well as making portfolio composition recommendations.
Stephane’s career has spanned a multitude of asset classes within fixed income and has included roles on the buy-side and sell-side, including five years at UBS AG. Stephane has since then consulted on opportunities in the credit space ranging from regulatory capital trades to development of a CLO and direct-lending platform.
Andrew Lennox has been appointed as Asset Backed Securities Portfolio Manager as of 3rd April 2018 and will make investment recommendations within the European ABS universe. Reporting into Vincent Nobel, Head of Asset Based Lending, his role will also include building and developing systems and infrastructure to analyse, risk manage, report on and monitor European ABS assets.
Andrew joins from BlackRock where he was a Senior Portfolio Manager in the European Asset Backed Securities team, responsible for managing European securitised assets including traditional ABS and corporate style securitisations. Prior to joining BlackRock in 2015, he spent 11 years at ECM, a Wells Fargo Company and also worked at Goldman Sachs International.
Andrew Jackson, Head of Fixed Income, said: “The wealth of experience that Stephane and Andrew bring will strengthen what is an already highly-skilled team. Their appointments allow us to develop our offering to pension funds and other long-term institutional clients.”