Mirabaud hires Aviva high yield head for new launch

Mirabaud Asset Management has hired Aviva global high yield manager Andrew Lake as it continues to bolster its asset management offering.

Lake joins in January 2013 and will report to partner and head of asset management Lionel Aeschlimann. Lake will be charged with managing global high yield solutions for client’s of the bank. The firm will also be launching a high yield fund for Lake.

Lake joined Aviva Investors in 2010 and was responsible for managing the £80m High Yield Bond and the £139m Managed High Income funds. He was latterly head of high yield portfolio management at Aviva. Prior to Aviva, Lake was at F&C Asset Management for four years having begun his high yield career at Merrill Lynch Investment Managers in 1998.

Aeschlimann says: “Our asset management division goes from strength to strength as demonstrated by our ability to attract someone as successful as Andrew Lake; this addition to our team is clear evidence of the success of our development and will further support the growth of our range of funds,”

Lake says: “Mirabaud is at an exciting point in its 200 year history. I like the bank’s forward thinking which complements the entrepreneurial and professional dynamic throughout the firm. High yield is an attractive asset class for investors and I am looking forward to launching a new high yield fund at Mirabaud.”