Baring Asset Management has appointed Marino Valensise as chief investment officer, replacing Michael Hughes.
Hughes will stay on at Barings in a consultancy capacity until his retirement at the end of the year.
Valensise has 20 years’ investment experience, having joined Barings in 1999.
Alan Wilde will assume leadership of the fixed income and currency team. Wilde, who was previously deputy head of fixed income, has experience of a broad range of fixed income products gained over 22 years.
Prior to joining Barings in 2004, he worked for Abbey National Asset Managers where he was ead of the fixed income team.
Valensise says: ”I am delighted to take up the role of CIO at Barings and look forward to leading our 100-plus strong team of investment professionals as global markets continue to experience interesting and volatile conditions.
“I would like to congratulate Alan on his promotion to head of the fixed income and currency team. He has a wealth of experience in the fixed income industry and has played a significant role in helping us develop our product range in this area since joining Barings in 2004. I am sure the team will continue to go from strength to strength under his stewardship.”