Hermes hires Cairn Capital CIO as fixed income head

Andrew Jackson has traded in his CIO role at Cairn Capital to become the head of fixed income at Hermes Investment Management.

Hermes hires Cairn Capital CIO as fixed income head

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At Hermes, Jackson will oversee the strategic development of the credit and direct lending teams and have a hand in the evolution of the business as a whole, sitting on the Hermes Strategy Group.

He will also spearhead the development of a new multi-asset credit offering, which aims to connect pension funds and institutional investors to all areas of the global credit markets.

As CIO and head of investment committee and senior member of the executive management committee at Cairn Capital, Jackson was responsible for the design of new products for the asset management business and managing the investment team.

Before that, he was vice president of European credit structuring at Bank of America and worked with Fitch Ratings and PricewaterhouseCoopers.    

Hermes’ head of investments Eoin Murray (pictured), who Jackson will report to, praised the new hire for his “extensive in-depth industry knowledge and experience in managing global credit and fixed income products using an active-management style.”

“Moreover, he has a credible, structured investment process and an excellent investment track record, making him a great fit with Hermes’ long term, active investment style,” Murray said.

“His appointment underlines the commitment the business has to providing innovative, fixed income solutions to investors currently struggling with a world of low yields.”

Jackson added: “I have watched Hermes operate at an extremely high level, becoming a market leader with its credit and private Debt offerings. It is with great enthusiasm that I join such a dynamic business and look forward to working with the teams to ensure that we continue to develop investment solutions for long-term investors.”

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