Manulife Investment Management has appointed a new chief investment officer to head its global emerging markets fixed income business. It has also made a number of new research team appointments to support the new CIO in his role.
Endre Pedersen was named CIO, global emerging market fixed income. His 66-person team is responsible for more than US$46-billion in assets under management.
“This announcement comes after several years of strong growth in Manulife Investment Management’s emerging market fixed income strategies,” the company said in a statement announcing Pedersen’s promotion. “The firm believes further alignment of its global emerging market fixed income team will help to achieve consistent output and deliver across the asset class.”
The firm also announced four other promotions to bolster its research efforts: Fiona Cheung, previously responsible for credit activities in Asia, ex-Japan, is now head of global emerging market fixed-income research. Don Tucker will work going forward as the head of global developed market, fixed-income research. Joseph Huang was promoted to head of the firm’s South Asia fixed-income research, and Nick Pena, managing director and senior credit analyst focused on U.S. fixed income has been promoted to sector leader of the emerging markets fixed-income research team.
“These actions are a testament to the critical role emerging markets play in today’s fixed income landscape,” Pedersen said in a statement. “We believe we have a competitive advantage in this space.”
