Schroders hires Western Asset Management's De Mellon

Schroders_logoWestern Asset Management's head of Singapore, Rajeev De Mello, has been appointed as head of Asian fixed income at Schroders, replacing How Phuang-Goh who will retire in September. As of 1 July, De Mello will oversee Schroders’ Asia ex-Australia fixed income investment teams. Karl Dasher, global head of fixed income at Schroders, said: “We are seeing increasing demand from investors globally for access to the rapidly developing Asian bond markets; and we are experiencing increased demand from Asian investors for diversified global bond strategies." At Western Asset Management, De Mello was country head of singapore, senior investment officer and member of the global investment strategy committee. Previously, as executive vice president and head of asian fixed income at Pictet Asset Management, he led the firm’s expansion into Asia and successfully managed absolute return and long only funds. ©2011 funds europe

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