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Aberdeen's head of convertibles departs for BlueBay
by Eleanor Lawrie on May 16, 2014 at 15:07
Aberdeen's convertibles head Pierre-Henri de Monts de Savasse has left the company to join BlueBay.
He is set join BlueBay in July as a portfolio manager on its convertibles team.De Monts de Savasse was head of the team that manage the offshore €320.5 million Aberdeen Global II - European Convertibles Bond fund, which in three years to the end of April returned 4.2% compared with a 6.2% return for the UBS European Convertible Bond benchmark.
Thomas Perez has been appointed head of convertibles at Aberdeen following the departure, having worked alongside de Monts de Savasse for around nine years.
'Thomas is the natural choice to succeed Pierre-Henri, and thus he also ensures that the investment process will not change. He will continue to work alongside Ivan Nikolov with the intention of recruiting a third member to the team,' an Aberdeen spokesperson said.
Commenting on de Savasse's hire, Mike Reed, a senior fund manager at BlueBay, explained: 'Pierre-Henri brings with him a wealth of experience and was responsible for the successful performance of the convertible fund at his prior firm.'Perez joined Aberdeen in 2009 following the acquisition of certain asset management businesses from Credit Suisse Asset Management, where he was a fixed income quantitative analyst, with a focus on convertible bonds.
Prior to Credit Suisse, Thomas worked for Gartmore Investment Management as an analyst on a convertible bond hedge fund.
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