ING Investment Management International (ING IM) announced two senior appointments to its Emerging Market Debt (EMD) team. Jerry Brewin joins as Head of EMD while Marcelo Assalin has been appointed Lead Portfolio Manager Local Currency.
Brewin joins from Aviva Investors in London, where since 2001 he was Head of Emerging Market Debt. He will be based in The Hague and report to ING IM Chief Investment Officer Hans Stoter. He will be responsible for the overall management, the investment process and the investment results of all EMD portfolios/strategies globally, as well as providing leadership to his team.
Assalin joins ING IM International in Atlanta from its sister company, ING US Investment Management, where he was Senior Vice President/Head of EMD Sovereign Debt. He will assume the position of Lead Portfolio Manager for Local Currency strategies and report to Brewin.
Upon Brewin’s arrival, Sylvain de Ruijter, acting Head of EMD since January 2013, will resume his position as Head of Core Fixed Income.
Brewin and Assalin bring more than 50 years of investment experience to ING IM and both have highly successful track records as investors. Their appointment builds further upon the proven expertise and performance of ING IM’s EMD team, which is a pioneer in this asset class having invested in EMD strategies since 1993.
Brewin, who has extensive experience in the Middle East and Asia, has held positions within BNP Paribas, Citibank, Gulf Investment Corporation and ABN AMRO. Brewin played a leading role in the building of Aviva Investors’ EMD capabilities and launched the organisation’s first EMD fund in 2000. Assalin has more than 13 years’ experience managing EMD portfolios, most recently overseeing USD 2 billion in EMD assets at ING US Investment Management.
Hans Stoter, CIO ING Investment Management International:“I’m very pleased to welcome two highly experienced and talented investors to ING Investment Management. Jerry and Marcelo are valuable additions to ING IM and will help ensure that our EMD team – which aims to offer excellent returns for clients – remains at the forefront of this asset class.”
Stoter continues: “These appointments are a recognition of the fact that EMD is and will remain a large and important asset class for ING Investment Management. We are committed to offering a full range of highly attractive EMD strategies and, under Jerry’s leadership, will continue to develop our already broad range of products in order to meet the evolving needs of our clients.”
In addition to the appointments of Brewin and Assalin, ING IM has also recruited three credit analysts for the EMD corporate debt team, demonstrating the company’s commitment to continuing to allocate ample resources to its EMD strategies.
Following the most recent appointments, the EMD team consists of 24 specialists. ING IM intends to make additional hires, bringing the total size of the team to 28.