AllianzGI expands emerging markets debt team
Allianz Global Investors has established the senior investment team that will drive the growth and development of its USD1.7 billion global emerging markets debt (EMD) business.
The franchise was launched nearly a year ago on the conviction that emerging economies will expand more quickly than developed markets, offering potential for superior returns.
Chief investment officer Greg Saichin and his team of seven professionals in London, New York and Hong Kong currently manage four funds investing in sovereign, quasi-sovereign and corporate bonds, as well as local currencies and foreign exchange. Further funds are in the pipeline for potential launch by the end of the year.
AllianzGI has made a strategic commitment to the asset class, investing in the team despite the recent volatility in emerging markets.
“We believe the asset class is well-placed over the longer-term to become a permanent and substantial component of investors’ portfolios,” says Saichin, a fund manager with 20 years EMD experience, who joined AllianzGI late last year from Pioneer Investments. “We believe favourable demographics, improving infrastructure, prudent macro-economic policies and high reserves mean that the emerging markets are primed for attractive and sustainable growth.”
Naveen Kunam, Shahzad Hasan, Vlad Andryushchenko and Eoghan McDonagh have joined the business as senior portfolio manager, portfolio manager, senior research analyst and senior trader, respectively. Based in London, they will work alongside Oleksiy Soroka, who leads EMD credit research and joined AllianzGI with Saichin from Pioneer.
Kunam came to AllianzGI from ING Investment Management and will manage emerging markets rates and foreign exchange strategies. Hasan worked previously at Credit Suisse and will manage sovereign and volatility strategies.
Andryushchenko, previously at Renaissance Capital in Moscow, will focus on global emerging markets financial institutions. McDonagh, joining from global macro hedge fund Eclectica Asset Management, will handle all EMD trading.
The team completes its global footprint with Daniel Ha and Zeke Diwan, senior portfolio managers based in Hong Kong and New York, respectively. Ha is responsible for pan-Asian strategies and joined AllianzGI from Income Partners Asset Management. Diwan, responsible for Latin American coverage, also worked previously at Pioneer.
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