Federated Hermes has recruited Michalis Ditsas as investment director – fixed income. Based in London, Ditsas will be a client-facing representative for all fixed income strategies across public and private markets.
His appointment comes a year after the firm launched its Federated Hermes Climate Change High Yield Credit Fund, which it says ranked among the group’s highest selling fixed income strategies for the second quarter of this year.
Ditsas spent two years at AlllianceBernstein as a fixed income investment specialist before taking up his role with Federated Hermes, and he has occupied similar roles at the asset management divisions of Syz and JP Morgan.
At Federated Hermes, he will report to James Cook, head of investment specialists, who said: “Our full suite of fixed income products across both public and private markets have been attractive solutions to a wide range of clients globally. We see this interest set to grow with investors assessing risk in this tumultuous and inflationary environment.
“This was proved by the level of flows into the asset class recently – almost £1bn from UK investors in July according to the IA. Michalis’ role is therefore a key one in the team.”
