MAM hires a second convertible bond specialist
Paris, 24 June 2013 – Mirabaud Asset Management has hired Nicolas Cremieux to reinforce its Paris office’s expertise in convertible bonds. Mr. Cremieux was previously senior manager of international convertible bonds for Dexia Asset Management.
On 19 August 2013, Nicolas Cremieux will begin working in Paris with Renaud Martin, head of convertible bond management for Mirabaud Asset Management. With his arrival the team will be complete, and well positioned to keep pace with both the rapid growth in assets and the development of new commercial business.
Nicolas will be the managing analyst on international convertible bonds, supporting Renaud Martin in the management of the Mirabaud Convertible Bonds Europe fund and directly participating in the launch of a global convertible bond fund currently being prepared by Mirabaud Asset Management. This new global fund, which currently exists in the form of an internal “incubator” portfolio, is scheduled to be launched as a UCITS fund in fall 2013.
Nicolas has extensive knowledge of convertible bonds. He worked for Dexia AM as senior manager of the Dexia Bonds Global Convertible Optimum and Dexia Bonds Europe Convertible funds. Having joined Dexia AM in 2000 and held various positions within its management teams, Nicolas possesses specialised skills in fundamental analysis of corporate equities and credit, particularly in the selection of convertible bonds that combine upside potential and a convex profile.
Nicolas holds a post-graduate degree in Insurance and Risk Management from the University of Paris IX- Dauphine (2000), where he also completed a degree in Management Sciences (1999). Nicolas is a member of the French Society of Financial Analysts (SFAF).
Convertible bonds currently account for more than €200 million at Mirabaud Asset Management, an activity that was started less than two years ago with the arrival of Renaud Martin.
Lionel Aeschlimann, partner and head of asset management at Mirabaud, stated : “We are building our expertise in convertible bond management to bring it in line with our growth in this sector. This strong commitment to our investors applies to all our areas of expertise in investment management.”
Renaud Martin, senior portfolio manager responsible for the Mirabaud – Convertible Bonds Europe fund, adds : “Nicolas’ knowledge of the American and Asian convertible bond markets will strengthen our area of expertise and will help us further develop our convertible bonds outstanding, an asset category for which we have high ambitions.”