People moves: Henderson boosts currency presence
Independent asset manager Henderson Global Investors has announced the hiring of an established FX team, a move it says that recognises the importance of currency as an asset.
Headed by Bob Arends, the team reports to Mitesh Sheth, Henderson’s deputy head of fixed income, and comprises Dennis van den Bosch, Bernd Kraan, Brieuc de Hults and Jill Rootsaert. It was previously at the investment banking arm of Fortis.
“In a climate where available leverage is expensive, correlations are high and liquidity is at a premium, the opportunity for currency as an asset class in its own right will be advantageous in 2009 and beyond. Bob and the team are recognised as being one of the strongest and most experienced in the industry,” says Sheth.
“In fixed income there is a growing need to offer a product that has scale, liquidity and capacity. So, the team, which has more than 10 years’ experience of currency management, will be joining Henderson to develop a G10 and EM currency offering alongside our other fixed income capabilities,” he adds. The team will be based in London for around six months before moving to Henderson’s Amsterdam office.