Aegon Asset Management UK has affirmed its commitment to the European bond market with the appointment of Melanie Mitchell as fund manager.
Mitchell becomes a member of the credit research team, reporting to Malcolm Jones, head of fixed interest. She will specialise in the analysis of Euro-denominated corporate bonds.
Mitchell joins Aegon from Abbey National, where she was an investment manager. She was previously vice president of credit strategy at Chase Manhattan.
Mitchell’s appointment is part of Aegon Asset Management’s drive to expand its range of fund options to institutional and retail investors.
Malcolm Jones said her appointment adds another dimension to Aegon’s European capabilities.
“While the Euro corporate bond market is considerably less developed than its UK counterpart, it shares many of the same characteristics,” she said.
Fundamentally, it is an extremely inefficient market, and therefore offers the experienced fund manager considerable scope to add value. Hence it is becoming an attractive proposition for pension funds.”
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