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Threadneedle makes another fixed income hire
Former Acadian Asset Management executive John Peta has joined Threadneedle to lead the investment manager's emerging market debt team in collaboration with Henry Stipp.
The pair will also lead Threadneedle's emerging market macro economic strategy group, which develops strategy across a range of its fixed income products.
Peta brings over two decades of fixed income and sovereign analysis experience. He recently left his position as head of emerging market debt at Acadian, where he was stationed since 2007.
Stipp, who has been with Threadneedle since 2001, will take charge of hard currency debt portfolios, while Peta will handle a variety of emerging market debt responsibilities including a focus on local currency debt.
Jim Cielinski, head of fixed income at Threadneedle, said Peta would strengthen the company's emerging market debt capabilities as well as its broader fixed income platform, bringing specialist knowledge particularly in local currency debt.
Threadneedle manages £1.8 billion in emerging market debt.
The investment manager has made a number of new appointments and announced an internal restructure earlier this year to enhance collaboration and integration across its fixed income platform.
Threadneedle now has a 48-strong fixed income team and manages over £29 billion in fixed income assets.
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