Heemelaar joins from Aegon Asset Management where he was head of investment grade credit.
At F&C, he will head up the global credit team of five portfolio managers and one portfolio analyst. The team operates within F&C’s 28-strong credit division.
He will be based in Amsterdam, reporting to head of credit Patrick Hendrikx.
Heemelaar has over 12 years experience in financial markets, eight of which spent at Aegon. He joined the company as a portfolio manager with the fixed income team, becoming responsible for the firm’s investment grade credit strategies four years later.
Hendrikx says: ”We are delighted to have Michael joining our team as head of global credit to reinforce our capabilities in this key area. His background in the insurance sector means Michael brings a wealth of knowledge of investment strategies for insurance and pension fund clients, combined with a great understanding of global credit markets”