AMP Capital has grown its global fixed income capability with the appointments of portfolio managers David Strouse and Patrick Wang to the credit markets team in Chicago.
Reflecting the growing demand for income products, the credit markets team now has 14 investment professionals, with the Chicago division boasting six, AMP stated.
AMP Capital head of fixed income Mark Beardow added that the addition of Strouse and Wang also reflect the importance of the US as a key market for the firm's clients.
For more than 24 years, Strouse has worked in a number of senior management roles at UBS Global Asset Management in Chicago, where he was responsible for analysing and rating the credit quality of corporate debt issuers in the electric power, natural energy, infrastructure and transportation industries.
Wang has a background in credit research in telecommunications, media and technology in high yield and investment grade across core fixed income portfolios, short duration high yield and loan portfolios. He has previously held positions at Seneca Capital Management and Bank of America Capital Management.
In their new roles, Strouse will cover the utilities and pipelines sectors and Wang will cover the telecommunications, media and technology sectors.
Both will report to AMP Capital head of credit markets Jeff Brunton.
