Tugnait, previously head of high yield at Gartmore, will become a managing director at BCE as the firm prepares to launch a Ucits European high yield offering.
Tugnait will co-manager that fund and report to Zak Summerscale, head of loans & high yield at BCE.
“We are delighted that Kam has joined Babson Capital Europe. Kam’s high yield expertise complements our existing investment management platform and will be significant in growing our high yield asset management business,” said Summerscale.
