Credit Suisse has handed EM veteran Gonzalo Borja more firepower on his corporate bond-focused fund by assigning Andranik Safaryan to work alongside him, Citywire Switzerland's sister website Citywire Selector has learned.
Safaryan, who has been with the Swiss firm since 2011 in a number of roles, will serve as a co-portfolio manager on the $516 million (CHF 497 million) CS (Lux) Emerging Market Corporate Bond fund.
Citywire + rated Borja has overseen the Luxembourg-domiciled fund since April 2012, when he replaced Thomas Rutz, who has since joined German group MainFirst.
Meanwhile, Safaryan was previously at Clariden Leu, which was taken over by Credit Suisse and has a history of working in Russia and CIS-focused markets. He most recently served as a credit analyst specialising in hard currency debt.
The CS (Lux) Emerging Market Corporate Bond fund returned 19.39% in Swiss franc terms, which compares with a 19.16% rise by the BofA Merrill Lynch EM Corporate Plus TR, its Citywire-assigned benchmark, over the same period.