Investec’s Eerdmans gets EMD co-head
Investec Asset Management has promoted Werner Gey van Pittius to co-head of emerging market debt alongside Peter Eerdmans.
In his new role, which he started in June, Mr van Pittius (pictured) will have decision-making responsibility for more than $9bn (£5.7bn) of assets under management across global EMD strategies.
The co-head, who co-manages the $742.6m Luxembourg-domiciled Global Strategic Income fund with John Stopford and the $80.2m Emerging Markets Currency Alpha fund with Mr Eerdmans, will also now be responsible for the development and implementation of quantitative models across the spectrum of EM strategies.
Mr van Pittius has worked with Mr Eerdmans, who runs the $2.5bn Emerging Markets Local Currency Debt fund, over the past six years.
In this time, the group’s EMD assets have grown from $20m in 2006 to their present levels.
The group said Mr van Pittius and his team pioneered the building of a proprietary investment process for locally-denominated emerging market debt.
The manager started his career at Investec as a graduate analyst in 2003 before becoming a portfolio manager.
David Aird, managing director, UK client group, said the promotion “cements Werner’s place as investment and team leader”.
“Strategy, team management, and client reporting will continue to be a joint effort,” he said.
“There are no changes in regional responsibilities or in the named portfolio managers for the funds.”