Amundi bolsters fixed income presence in US

Amundi has hired a new head of international high yield bond management for its fixed income management centre in the US.

Amundi bolsters fixed income presence in US

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Kenneth Monaghan joins from Rogge Global Partners in the US, where he was responsible for high yield fixed income activities.
 
This appointment follows the company’s strategy as it moves to enhance its offerings and expand its client base in the US and internationally. It currently manages €13bn in high yield bonds from its Paris location. 
 
Global head of fixed income, Eric Brard, said: 
 
“The strengthening of our high yield international fixed income capability enables us to further extend our investment solutions, in particular, for institutional investors who continue to seek returns in a low interest rate environment around the world.”
 
In May earlier this year, the company joined the “race to the bottom” among European exchange traded fund providers slashing prices on its emerging markets ETF range.
 

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