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.