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Threadneedle bolsters emerging market debt team

Following a restructuring, Threadneedle Investments has bolstered its emerging markets debt capabilities by hiring John Peta from Acadian Asset Management.

Investment manager Threadneedle Investments has hired John Peta as co-head of its emerging markets debt team. Based in London, he will lead the team alongside Henry Stipp, who has been at the group since 2001.

The pair will lead an eight-strong team working under the “Emerging Market Macro Economic Strategy Group” umbrella, which formulates strategy across a range of fixed income products. Threadneedle currently managed £1.8 billion ($2.9 billion; €2.2 billion) in emerging market debt.  

He joins from Boston-based Acadian Asset Management, where he was head of emerging market debt, having joined in 2007. In a statement, Threadneedle said he brought “Over 20 years' experience in fixed income and sovereign analysis, and extensive expertise in emerging market local currency debt covering over 30 countries including frontier markets”.

Peta's arrival is the latest in a slew of recent appointments at the firm. In June, Clifford Lau joined as head of the group's Asia Pacific fixed income practice in Singapore, and in July, Zara Kazaryan joined as a fund manager in the emerging markets corporate debt practice in London.

Also joining as part of the latest round of hires are: Tammie Chan, as a fund manager focusing on investment grade insurance funds; Ryan Staszewski, who joins from JP Morgan as a corporate credit analyst, and specialises in utilities and securitisation; and James Waters, who joins from Goldman Sachs Asset Management as a fixed income investment specialist.