Swiss fund managers Zurich Scudder Investments (ZSI) has appointed Igor Ojereliev as portfolio manager and analyst on its emerging market bond team.
Ojereliev will focus mostly on the Eastern European debt markets, and reports to ZSI head of the emerging markets bond team, Paul Murray John.
Prior to joining ZSI he was an emerging markets portfolio manager within the global bond team at Citigroup Asset Management in London, and before that he was a trader on the emerging market bond desk at Bear Stearns in New York.
Zurich Scudder manages about $1.2 billion in emerging market debt in a number of funds managed in London and Boston.
Ojereliev’s appointment follows the recent arrival of Henry Stipp as the economist for the emerging market debt team.
The positions become effective in July.
By Madhu Kalia
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.