Ex-Fitch Exec. Joins BlueBay As Credit Chief

Jul 12 2013 | 3:05am ET

David Riley, who as head of sovereigns at Fitch Ratings stripped the U.K. of its triple-A credit rating, is joining one of the country's largest hedge funds.

Riley was named head of credit strategy at BlueBay, which manages US$55.7 billion. He will formally join the firm in September; he left Fitch earlier this month.

"We believe market developments since 2008 demonstrate that the pricing of sovereign and corporate risk is becoming increasingly interdependent," new boss Mark Pool, BlueBay's chief investment officer, said. "Sovereign credit risk can determine where corporates are able to issue, and equally no sovereign can escape the implications of fundamental weakness in its domestic banking sector. David's experience at Fitch has left him very well-positioned to provide a unique perspective on this interconnection, and I look forward to working with him."


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...