Veteran investor Johnny Debuysscher has called time on his 29 year investment career, which coincides with the merger of his employer Petercam Institutional Asset Management and Bank Degroof.
The Citywire + rated manager formally stepped down from active management on October 1, having been named across eight bond funds in the Citywire database.
It is understood that Debuysscher, who had served as chief investment for fixed income at the group, chose the opportunity to step down amid the merger between the two Belgian giants.
This saw Petercam and Bank Degroof reach an agreement to create a new private bank, which would have €47 billion in assets under management. The deal was first announced in May and completed this month.
Debuysscher joined Petercam in 1986 and had served as a managing director during his tenure. It is understood he will remain involved with Petercam on an unofficial basis, offering macro and investment insights but will no longer run funds.
These being the Petercam Bonds and Petercam L Bonds Government Sustainable funds, where he will work alongside Carl Vermassen. This is while Vereecke is now sole lead on the Petercam Bonds Eur Investment Grade fund.
Meanwhile, Peter De Coensel is now named sole lead on the Petercam L Bonds EUR Quality and the Petercam L Bonds Universalis funds. Bernard Laliere and Thierry Larose remain as co-managers on the Petercam L Bonds Higher Yield fund following Debuysscher stepping down from the trio.