Muzinich & Co, a corporate credit specialist, has opened a new office in Singapore, its first in Asia.
Muzinich & Co (Singapore) Pt. Limited has obtained a Capital Markets Services License for fund management from the Monetary Authority of Singapore (MAS). Eric Pictet (pictured), who has held various senior positions in Europe since joining the firm in 2003, will have primary oversight of the Singapore office.
The Singapore opening extends Muzinich’s international footprint to nine offices. The firm, which was founded in 1988 and has its headquarters in New York, now manages over USD30 billion of assets globally in corporate credit across public and private debt markets.
Pictet, MD Asia, says: “Having a dedicated Asian office means we are now better placed to meet the needs of our clients and institutions in the region.”
To strengthen Muzinich’s global research function, Mel Siew, an experienced credit analyst who has over six years’ tenure with the firm has joined Pictet in Singapore. Siew will continue to work closely with the firm’s portfolio managers and credit analysts.
Muzinich has over USD1.3 billion invested in Asian credit through a variety of strategies, which include dedicated Emerging Market and Global strategies.
Muzinich Chief Executive and Chairman George Muzinich, says: “It is a measure of our commitment to Asia that we have appointed someone of Eric’s experience and seniority to establish our growing presence in the region. This will help us serve clients and, with the addition of Mel, reinforce our global investment research function.”
