TwentyFour Asset Management, the London-based fixed income boutique, has appointed a Head of US Credit in New York who will lead the firm’s expansion into US markets
David Norris, a credit specialist with 30 years’ experience in fixed income markets, will join the firm on September 18 from Credit Agricole, where he was Director of High Yield Credit Trading.
David will be a key member of TwentyFour’s Multi-Sector Bond team, which manages the firm’s Strategic Income and Dynamic Bond strategies.
David previously spent five years as an Executive Director in High Yield Credit Trading and ETF Arbitrage at BNP Paribas in New York, before joining Mizuho Securities in July 2012 as a Managing Director in Global Credit Trading.
He has also held senior positions in credit trading and alternative investments at Greenwich Capital, Barclays and UBS since beginning his fixed income career at CIBC Wood Gundy in London in 1987.
“Hiring someone with the level of experience, expertise and track record that David has is a great positive for the firm and our clients,” said Mark Holman, chief executive at TwentyFour.
“He is very well known to many of us at TwentyFour from his time on the sell side, which made the hiring decision a lot easier for both parties.”
TwentyFour expects to make as many as six further hires in the US in 2019 across various business functions.
The expansion of the team will support TwentyFour’s rapid progress ahead of its 10th anniversary this month, with assets under management now at £13.9 billion ($17.9 billion) just over 12 months since hitting £10 billion for the first time.
TwentyFour Asset Management is a specialist fixed income investor based in the City of London, and a boutique of the Swiss-based Vontobel Group.