BNP Paribas Investment Partners Names AXA's Gueunier Head of Alternative Debt Management

Nov 9 2015 | 11:20am ET

BNP Paribas Investment Partners has hired former AXA Investment Managers debt specialist Laurent Gueunier as its head of alternative debt management.

The appointment comes as BNP moves to boost its range of higher-yielding fixed income products, according to a company statement.

Prior to joining BNP, Gueunier was head of structured finance for AXA Investment Managers in Paris, and previously held roles in structured credit and commodity trading for JP Morgan and Societe Generale, respectively. He will report to Dominick DeAlto, CIO and head of institutional fixed income.

“The appointment of Laurent Gueunier is core to the expansion of our alternative debt management business,” said DeAlto in a statement. “The changing regulatory environment and the disintermediation of the direct lending market have created opportunities for asset managers such as ourselves.’

“Alternative debt is often less sensitive to the inflation and interest rate risks associated with conventional debt securities, with a return stream that is more lowly correlated, enabling us to offer our clients the possibility of higher yielding opportunities in an enlivenment where relatively few sectors offer adequate compensation for their growing risk,” he continued.

The alternative debt management team at BNP Paribas Investment Partners has €1.56 billion of assets under management as at 30 September 2015, deployed across European securitizations, mini-bonds and multi-strategy credit, with an additional €1.56 billion managed in loan strategies and CLOs. As a whole, BNP Paribas Investment Partners managed €509 billion as of September 30. 

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