Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Morgan Stanley convertibles head to replace Geldard at RWC Partners

Morgan Stanley convertibles head to replace Geldard at RWC Partners

Citywire understands RWC Partners has hired Morgan Stanley vice president and head of convertibles Davide Basile to fill the void left by the departure of Miles Geldard (above).

Basile, who was responsible for the $1 billion (£600 million) Morgan Stanley Global Convertible, will join RWC Partners in the near future.

At RWC Partners Basile will lead the firm’s convertibles team and assume responsibility for the €1.3 billion (£1.2 billion) Luxembourg-domiciled RWC Global Convertibles fund.

News of the hire comes after Citywire revealed earlier this week former RWC convertibles head, Geldard, would be leaving the firm.

Geldard played a key role in building RWC’s Convertibles business, which also includes a recently launched distressed convertibles fund and a number of segregated mandates.

According to Lipper, Geldard had helped the fund post a 9.8% return against a 2% fall by the UBS Global Focus Convertible Bond index since he launched it back in January 2006.

Basile joined Morgan Stanley’s client strategy group in 2001 and two years later joined the firm’s global convertible bond team. In June 2005 he defected to BCM & Partners for a brief spell before returning to Morgan Stanley.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Play Europe bulls, a retail boost and why a little inequality can be a good thing

Europe bulls, a retail boost and why a little inequality can be a good thing

This week’s Investment Pulse looks at whether investors should be bullish on Europe, the surprise rise in UK retail sales and if a little inequality is a good thing.

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter