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JPMAM expands fixed income team as rates rise

Travis_SpenceJP Morgan Asset Management (JPMAM) has hired additional investment specialists to its global fixed income, currency and commodities business to support portfolio management teams.

The firm said the expansion by six people in recent months took place against the backdrop of changing monetary policy.

They include Karine Mercado for core fixed income strategies in Europe, Middle East and Africa (Emea) who will focus on JPMAM’s global government and aggregate capabilities.

Mercado joins from German chemical company BASF where she was responsible for managing the credit sleeves of the company’s North American and German pension plans. She is also a former employee of Pimco.

Rohan Duggal has been appointed lead investment specialist for high yield strategies for clients in Emea and covers global high yield, distressed debt and leveraged loan strategies. He joins from Blue Mountain Capital Partners where he was a senior portfolio specialist and client adviser.

Claire Cullen covers global credit strategies in Emea and has been with JPMAM since 2008, most recently as chief finance officer for the global fixed income, currencies and commodities business.

Each reports to Travis Spence (pictured), head of the Emea fixed income investment specialist team.

Additional appointments include Giles Bedford, Liam Moore and Wei Chu and span emerging market debt, unconstrained strategies and insurance fixed income. Moore and Chu started earlier this year.

Spence said: “Global fixed income markets are in a period of unprecedented change with shifts in monetary policy, rising interest rates and late-cycle behaviour emerging in the credit cycle.”

He added that JPMAM had expanded to meet demand associated with these changes.

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