LGIM bulks up EM fixed income team

Legal & General Investment Management has made a double hire to its dedicated emerging markets fixed income team headed by Uday Patnaik.

LGIM bulks up EM fixed income team

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Philip Meier joins as portfolio manager, from AXA Investment Managers where he was senior portfolio manager in its EM fixed income team.

John Gray has become a credit analyst specialising in financial issuers. He joins LGIM from The Royal Bank of Scotland, where he was a vice president within the EM credit trading team.

Patnaik joined LGIM a year ago having spent 25 years’ in the EM fixed income sector with a remit to build a specialist, high quality and experienced EM team. He manages EM fixed income on a standalone basis as well as within LGIM’s multi-strategy, absolute return and global credit products.

“I am excited to welcome Philip and John to the team, adding depth and experience to our active EM capability,” Patnaik said. “The team now brings together broad and deep experience across both hard and local currency sovereign, corporate and financial issuers.

“With dedicated regional portfolio management teams and highly experienced sector analysts, the addition of a complete EM capability enables LGIM to source investment opportunities from across the full suite of fixed income markets,” he added.

The EM unit is part of LGIM’s global fixed income team which comprises 70 fixed income professionals, actively over £120 billion.

 

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