Royal London expands global high yield team

Business-Handshake-General-Hire-Appointment-700x450.jpgRoyal London Asset Management has hired four people to bulk out its global high yield team ahead of a new fund launch.

The asset manager has hired Khuram Sharih as fund manager, to focus on leveraged loans and alternative credit. He joins from Newton Investment Management, and has previously worked at Cairn Capital and JP Morgan.

He is joined by Sebastien Poulin, who will be senior credit analyst working on high yield and leveraged loans. He joins from Principal Global Investors. Mercer’s Gary Ewen and Debtwire’s Tom Elliott will both join as credit analysts.

Azhar Hussain, head of global high yield at RLAM, says: “This significant expansion of the global high yield and leveraged loans capability at RLAM signals our commitment to offer clients a diversified approach to investing in credit. We think this is particularly valuable in an environment where government and corporate bond yields are at an all-time low.”

RLAM is bulking up the team ahead of the launch of its Multi Asset Credit fund, which will be aimed at the institutional market. It will invest in secured and unsecured high-yield debt, loans, asset-backed securities and emerging market debt.