The investment manager has appointed Michel as senior portfolio manager and Lennox (pictured) as asset backed securities portfolio manager.
Michel officially joined on 19 March and has been assisting head of fixed income Andrew Jackson in beefing up Herme’s asset-based lending platform and wider multi-asset credit capabilities.
As a senior portfolio manager he will be responsible for identifying market opportunities, trends and strong risk-adjusted relative value across illiquid markets, as well as making portfolio composition recommendations.
Lennox, who took on the role on 3 April 2018, will make investment recommendations within the European ABS universe and report into head of asset-based lending Vincent Nobel.
His role will entail building and developing systems and infrastructure to analyse, risk manage, report on and monitor European ABS assets.
Michel joins Hermes with experience across a multitude of asset classes within fixed income, which has included roles on the buy-side and sell-side and five years working for UBS AG.
Since leaving UBS, he has consulted on opportunities in the credit space ranging from regulatory capital trades to development of a collateralised loan obligations (CLO) and direct-lending platform.
Lennox joins from Blackrock where he was senior portfolio manager in the European Asset Backed Securities team, responsible for managing European securitised assets including traditional ABS and corporate style securitisations.
Prior to joining Blackrock in 2015, he spent 11 years at ECM, a Wells Fargo Company and also worked at Goldman Sachs International.
Commenting on the two appointments, Jackson said: “The wealth of experience that Stephane and Andrew bring will strengthen what is an already highly-skilled team.
“Their appointments allow us to develop our offering to pension funds and other long-term institutional clients.”
Hermes currently oversees £33.0bn in assets under management.
