F&C hires credit research head

Asset manager F&C has announced it has appointed Peter Stage to the new position of head of credit research. Stage joins F&C later this month from Gordian Knot, where he was head of credit. At F&C he will report to Patrick Hendrikx, head of credit, and will manage both investment grade and high yield credit analysis.

At Gordian Knot, Stage was responsible for an 11-strong team analyzing around $60 billion of predominantly investment grade exposure in two funds, the Sigma Finance Corporation and the Theta Corporation, spanning ABS, banks and other corporate credits. He began his career in 1994 as a graduate management trainee at NatWest. In 1998 he joined Gordian Knot as a credit analyst and was promoted to head of credit in 2001.

F&C reckons to manage more than £21 billion of investment grade corporate bonds, high yield bonds and floating rate notes. F&C's credit teams work from both London and Amsterdam.