Deutsche Asset Management (DeAM) has strengthened its global fixed income capabilities, with the relocation of some key fixed income professionals.
Steve Ilott has been appointed managing director and head of fixed income – London and will report to Paul Berriman, DeAM’s global head of institutional fixed income.
lott returns to London after a two-year period in DeAM’s Philadelphia operation, where he was product head for US core plus fixed income strategy. His previous responsibilities also included the co-ordination of fixed income products jointly managed between London and the US.
The appointment represents a significant move in DeAM’s drive for the cross-fertilisation of talent within the organisation. In the recent past, the London fixed income team has been bolstered by the relocation of Robert Guzman as head of derivatives and Timothy Vile as head of investment grade credit, both from DeAM’s Philadelphia-based team.
Paul Berriman, global head of institutional fixed income, said: With Steve re-joining the team here, combining his experience working in Europe, Asia and the US, we are in an even stronger position to harness a truly global perspective for our clients.
DeAM is also showing its commitment to the expansion of its global capability by announcing the launch of its global high yield product in Europe, which will be managed in Philadelphia.
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