ASIA - Schroders has appointed Western Asset Management's Rajeev De Mello as head of Asian fixed income.
He joins on 1 July and will be based in Singapore, where he will oversee Schroders' Asia ex-Australia fixed income investment teams in Singapore, Hong Kong, Tokyo, Jakarta,Seoul and Taipei.
At WAM, De Mello was country head of Singapore, senior investment officer and member of the global investment strategy committee. He was also lead portfolio manager for WAM's Asian local currency strategies.
He previously served as executive vice president and head of Asian fixed income at Pictet Asset Management leading the firm's expansion into Asia and managing its absolute return and long only funds.
Schroders made the appointment after current head of Asian fixed income How Phuang-Goh, announced his retirement from the industry after 17 years with Schroders. He leaves the firm in September.
Global head of fixed income Karl Dasher said: "We thank How Phuang for his many years of leadership, helping to establish Schroders as a leading fixed income manager in Asian local bonds. We also welcome aboard Rajeev, who brings to us a great combination of team management skills and a demonstrated ability to consistently deliver superior investment performance as a portfolio manager.
"We are seeing increasing demand from investors globally for access to the rapidly developing Asian bond markets; and we are experiencing increased demand from Asian investors for diversified global bond strategies. Rajeev is the perfect fit for us as we move to the next stage of our development in Asia. Rajeev and How Phuang are committed to a seamless management transition and our entire team is focused on delivering competitive long term performance that meets client objectives."
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