Bond fund manager European Credit Management has hired a CQS analyst to run its high-yield portfolio.
The London-based firm named Andre Mazzella its lead high-yield manager as part of a major hiring push and reshuffle designed to turn around the flagging €11 billion firm. Mazzella had been a senior credit analyst and member of the portfolio management team for CQS' Credit Long Short Fund.
Mazzella formerly worked at Morley Fund Management.
In addition, Matthew Craston was named head of alternative investments at the firm, which also handed chief investment officer Stephen Zinser the CEO title and moved CEO Steven Blakey into the chairman's role.
"These appointments and the realignment of our senior management team are designed to support ECM's ambitious business development plans; the new top management structure reflects the continuity of leadership which will guide the business through its next stage of development," Zinser said. "The appointments underscore our commitment to attract and retain talented investment professionals."