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NNIP hires head of emerging market debt

NNIP hires head of emerging market debt

NN Investment Partners has hired Marcin Adamczyk as head of its new head of emerging market debt.

Adamczyk’s appointment comes seven months after his direct predecessor, Marcelo Assalin and 10 team members left the firm due to a disagreement over ESG implementation in portfolios. 

In his new capacity, Adamczyk will oversee the emerging markets debt team and will be responsible for the development of the firm’s client-led strategy.

He was most recently the CEO of PZU Group’s asset management unit, TFI PZU. Adamczyk also previously worked for NNIP, covering local EM debt as portfolio manager between 2013 and 2017. 

His hire is part of the firm’s strategy to strengthen its EMD team, which currently has $10.8bn in assets under management despite outflows that hit the strategies in the wake of Assalin’s departure. 

As part of this rebuilding process, NNIP appointed Keith Davies, Patrick Wacker and Martijn Kleiberg as senior portfolio managers earlier this year. 

To further reinforce its EMD ranks, NNIP has now also appointed Alexander Sychev and Girish Patil as analysts for the CEEMEA region, while Luis Serrano will serve as a credit analyst covering corporate credit in the LatAm region. 

Adamczyk will report to head of fixed income Edith Siermann and will officially take on his new role in July 2020. Siermann said: ‘Emerging markets debt has been a cornerstone of NNIP’s business for 27 years and Marcin’s appointment further solidifies our commitment to the EMD capability going forward.

‘His track record, deep knowledge and experience in EMD, combined with his leadership skills, make him the right candidate for the role as head of EMD. Marcin fully supports the strategic direction of NNIP and will further enhance the approach to responsible investing in our EMD capabilities.’