Nikko Asset Management Australia (Nikko AM) has appointed Linda Luo to the newly created role of credit analyst within its fixed income team.
The appointment brought the number of members of the fixed income team in Australia to five permanent full-time employees.
Luo would be based in Sydney and report to John Sorrell, head of credit, and Andre Severino, global head of fixed income.
Sam Hallinan, managing director of Nikko AM Australia, said Luo’s appointment further enhanced the company’s fixed income offering in the Australian market.
“Linda brings a strong foundation of experience in the financial services industry having previously worked for NAB as senior associate in the Global Institutional Banking team,” Hallinan said.
“Linda will be working with John Sorrell and Leo Leslie in the local credit team, as well as supporting the global credit team across Tokyo, London and Singapore.
“Her primary focus will be on fundamental credit analysis on the Loan and Investment Grade Debt holdings across Nikko AM’s portfolios.
“The growth of the Australian Fixed Income team reflects the increase in assets under management in their RMBS and LBO strategies as well as the strong performance of their flagship Fund managed by Darren Langer and Chris Rands.”
The appointment followed Lonsec’s move on 21 May 2019 to upgrade the Nikko AM Australia Bond Fund to “Recommended”, which primarily invested in Investment Grade Australian dollar securities.