Mirabaud hires Aviva Investors high yield head Lake

Mirabaud Asset Management has hired Aviva Investors high yield London head Andrew Lake.

Lake joins on 3 January and will report to partner and head of asset management Lionel Aeschlimann. He will be responsible for building a high yield proposition for Mirabaud’s clients, which includes the launch of an investment fund.  

At Aviva, Lake had been responsible for the firm’s High Yield fund since September 2010, which according to Lipper has returned 21.4% in the 12 months to the end of September.

In a statement Mirabaud chief investment officer Philip Watson said: ‘Andrew’s experience and reputation in high yield will significantly enhance an already very strong offering from Mirabaud Asset Management in general and the London offices of Mirabaud in particular.’

Prior to Aviva, Lake spent four years at F&C Asset Management after starting his career with Merrill Lynch Investment Managers in 1998.