UK - Specialist asset manager Cairn Capital has appointed Stephan Michel, formerly co-head of European credit research at Barclays Capital, to head up its credit research team.
In addition, the firm has hired Deniz Akgul, who joins fromm Houlihan Lokey, as a credit analyst on the team.
Robert Pierce Jones, director of Cairn, said: “Stephan and Deniz bring experience and a valuable specialist skillset to our platform.”
Michel had been at Barclays since 2001. Prior to that, he was a partner and senior portfolio manager at Green T, focussing on high yield credits.
Akgul’s experience includes distressed debt, financial restructurings and mergers and acquisitions.
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.