AMP Capital has expanded its global fixed income capability with the appointment of Portfolio Managers David Strouse and Patrick Wang to the credit markets team, based in Chicago.

The hires bring AMP Capital’s credit markets team to 14 dedicated investment professionals and brings the total number of investment professionals in AMP Capital’s Chicago office to six.

AMP Capital’s Head of Fixed Income Mark Beardow says these appointments reflect the continued growth in the company’s global client base and recognises the increased demand for income.

“David and Patrick bring with them a wealth of experience and are skilled credit market investors. Their appointments expand our credit research and analysis capability and reflect the increased importance of the US as a key market for our clients,” Mr Beardow said.

David Strouse has over 24 years’ experience in senior investment management roles at UBS Global Asset Management in Chicago. He was responsible for analysing and rating the credit quality of corporate debt issuers in the electric power, natural gas/energy, infrastructure and transportation industries.

Patrick Wang has extensive experience in credit research in telecommunications, media and technology in high yield and investment grade across core fixed income portfolios, short duration high yield and loan portfolios. He has held roles at Seneca Capital Management and Bank of America Capital Management and joins AMP Capital from Aviva Investors in Iowa.

Mr Strouse will cover the utilities and pipelines sectors and Mr Wang will cover the telecommunications, media and technology sectors.

They will commence in their roles in September 2012 and will report to AMP Capital’s Head of Credit Markets Jeff Brunton.

About AMP Capital

AMP Capital is a specialist investment manager with over A$123.3 billion in funds under management as at 30 June 2012.

It has investment professionals on the ground in Australia, Bahrain, China, Hong Kong, India, Japan, Luxembourg, New Zealand, Singapore, the United Kingdom and United States.

With over 30 years’ experience, AMP Capital is a leading fixed income manager boasting one of the largest teams in Australia with 25 investment professionals covering the entire fixed income spectrum across corporate and sovereign bonds, cash, currency and derivatives.

AMP Capital’s fixed income team manages A$41 billion funds under management on behalf of its global clients.


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