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Alken reveals bond team, fund plans

Alken reveals bond team, fund plans

Citywire A-rated Nicolas Walewski is pushing his boutique into the bonds market with a focus on convertibles and income-generation for his four-strong team.

Speaking exclusively to Citywire Selector, Alken’s new head of fixed income, former JPM star Antony Vallee, revealed how the team will line-up and where two forthcoming strategies will focus.

Newer details on the fixed income plans - which Walewski first revealed last month - include two new immediate hires in Antoine Marmoiton as a trader and Aymeric De Tappie as a strategist.

Vallee said another portfolio manager will be hired in July, as well as the possibility of further expansion later in the year.

At a product level, Vallee said the team is close to completing the new strategies which will be a convertible bonds fund and an income fund.

New recruit Marmoiton has more than 20 years of experience, having worked on both convertibles and equity derivatives. Prior to his role at Alken, Marmoiton had been a consultant at ITO33, a director at Merrill Lynch, as well as an executive director at JP Morgan.

De Tappie previously held roles at Credit Agricole as a convertible bond strategy director, as well as a convertible bonds specialist at BNP Paribas Asset Management.

Commenting on the developments, Vallee said: ‘We have just started so it’s quite fresh. We are really building up the team, building the systems and the infrastructure which is quite important.

'I’m going to be heading up the team, Antoine will focus on trading, on valuations and on all of the technical aspects that are involved in fixed income and especially in convertibles.

‘Aymeric will be on the strategy side and on the product side. He has more experience on the sell side as a strategist which is going to be very helpful for us, really talking to investors and explaining to them our process and what we are doing,’ he added.

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