Standard Life Investments is creating an emerging market bond team led by former Threadneedle head of emerging market debt Richard House.
House will be head of emerging market debt when he joins SLI in July.
Threadneedle investment specialist in emerging market fixed income Mark Baker and emerging market quant analyst Nicolas Jaquier are also joining SLI as investment directors for global emerging market bonds. Their joining date has not yet been decided.
SLI head of investments Rod Paris says: “I believe the strategic decision to increase our capability in emerging market bonds will enhance the suite of solutions we have designed to help clients achieve their investment targets. As well as bringing the ability to run emerging market bond mandates, the new team will also enrich the many global fixed income and multi-asset strategies that are run by Standard Life Investments.”
Hargreaves Lansdown senior analyst Meera Patel says: “There is a space in the market for emerging market debt products, which are usually sovereign debt vehicles. Developed market sovereign debt is too expensive at the moment, so emerging market debt can be a great tool for investors to diversify bond exposure.”