The firm runs over €4.5bn of emerging market fixed income assets, which have until now been managed by Sergio Trigo-Paz, CIO of EM fixed income and his team.
BNP Paribas IP said it remained committed to its growth strategy following the decision of Trigo-Paz and a number of other employees involved with the asset class to "pursue their careers elsewhere".
Guy Williams, former CIO at FFTW, has been appointed head of BNP Paribas IP’s Global Emerging Fixed Income team and will assume responsibility for the management of its worldwide EMD strategies, which are managed out of London.
BNP Paribas IP explained it has teams of EMD investment professionals based in London and Singapore and these are complemented by EM partners ‘on the ground’ in several key economies including Russia, Turkey, Brazil and Indonesia.
"BNP Paribas IP’s success in managing EMD assets over the years results from its ability to utilise the skills of its global and local investment teams to deliver superior returns for its clients.
"A smooth transition is underway relating to the departing staff members," the firm said.
Its priority now is to rapidly strengthen its EM fixed income resources with the required investment talent, a process it said has already begun.