Lazard expands into EM debt following hire of HSBC trio

Lazard Asset Management, a specialist in developing world equity investing, is expanding its capabilities into emerging market debt.

The group has hired a trio of managers from HSBC and it is understood to be planning to roll out EMD products across its global distribution network. Denise Simon, Arif Joshi and George Varino have recently joined Lazard after a number of years running EMD portfolios at HSBC. The team previously managed HSBC’s GIF Global Emerging Markets Bond, GIF New World Income and GIF Global Emerging Markets Local Debt funds. All three managers will be based in New York and Lazard will shortly be adding three research analysts to the team. The managers aim to exploit the cyclical and structu...