Schroder Investment Management Limited
31 Gresham Street, London EC2V 7QA
Telephone +44 (0)20 7658 6000 Fax +44 (0)20 7658 6965
www.schroders.com
Press Release
Schroders announces new convertible
bond team
2 December 2013
Schroders is pleased to announce the establishment of an in-house convertible bond team in Zurich
with assets under management of USD2.1billion1.
Dr Peter Reinmuth, the fund manager of Schroder ISF Global Convertible Bond and Asian Convertible
Bond, Dr Martin Kuehle, Product Specialist for the two funds and Urs Reiter, Senior Convertibles
Trader have all transferred to the company enabling Schroders to bring the management of its
convertible bond funds in-house. They report to Philippe Lespinard, Schroders’ CIO Fixed Income,
and are supported by Schroders’ 32 credit analysts and extensive equity research.
Damien Vermonet has also been appointed as Convertible Bonds Fund Manager and has eight years
experience as a convertible bond manager. He joins from Acropole AM where he was portfolio
manager of global convertible long only strategies with a particular focus on US convertibles.
Previously, he was at Fortis Investments where he managed global and European convertible bonds.
He is also based in Zurich and reports to Peter Reinmuth.
Philippe Lespinard, CIO Fixed Income at Schroders, comments:
“Schroders has invested heavily in its fixed income business in recent years to deliver robust
investment performance. Convertible bonds are an attractive asset class for our clients worldwide, in
addition to the firm’s existing credit and equity capabilities. We are delighted to welcome Peter,
Martin, Urs and Damien and look forward to further developing our convertibles business from
Zurich.”
Miles O’Connor, Head of Pan-European Institutional Business, also commented:
“Convertible bonds are an attractive asset class and we are seeing continued demand from
clients worldwide. Convertibles provide protection on the downside while also offering exposure to
1
Schroders as at 31 October 2013
Schroders plc
Registered office at above address
Reg. 3909886 England
1
For your security, communications may be taped or monitored
Schroder Investment Management Limited
31 Gresham Street, London EC2V 7QA
Telephone +44 (0)20 7658 6000 Fax +44 (0)20 7658 6965
www.schroders.com
equity market upside, making them an ideal way to gain long-term exposure to growth markets as the
global economy recovers. Our new in-house team should enable us to maximise this opportunity and
continue to grow our convertible capabilities for clients.
Ends
For further information, please contact:
Beth Saint, Head of Channel PR - Tel: +44 (0)20 7658 6168/ elizabeth.saint@schroders.com
Estelle Bibby, European Institutional - Tel: +44 (0)20 7658 3431/ estelle.bibby@schroders.com
Georgina Robertson, International – Tel: +44 (0)20 7658 3365/ georgina.robertson@schroders.com
Kathryn Sutton, International – Tel: +44 (0)20 7658 5765/ kathryn.sutton@schroders.com
Notes to Editors
For trade press only. To view the latest press releases from Schroders go to:
http://ir.schroders.com/media
Schroders plc
Schroders is a global asset management company with £256.7 billion (EUR307.2 billion/$415.8 billion)
under management as at 30 September 2013. Our clients are major financial institutions including
pension funds, banks and insurance companies, local and public authorities, governments, charities,
high net worth individuals and retail investors.
With one of the largest networks of offices of any dedicated asset management company, we operate
from 34 offices in 27 countries across Europe, the Americas, Asia and the Middle East. Schroders
has developed under stable ownership for over 200 years and long-term thinking governs our
approach to investing, building client relationships and growing our business.
Further information about Schroders can be found at www.schroders.com.
Issued by Schroder Investment Management Ltd, which is authorised and regulated by the Financial
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alerting service.
Schroders plc
Registered office at above address
Reg. 3909886 England
2
For your security, communications may be taped or monitored