BNP Paribas Asset Management (‘BNPP AM’) has appointed Simeon Tsonev to the role of Currencies Portfolio Manager within its Emerging Markets Fixed Income team, further strengthening the team and enhancing its investment capabilities.
In this newly-created role, Simeon will be responsible for alpha-generating decisions within emerging market currencies. He will be based in London, reporting to Bryan Carter, Head of Emerging Markets Fixed Income.
Simeon has eight years of investment experience and joins from Credit Suisse where he was a Vice President of FX Options Trading, with a focus on emerging market currencies, and had market-making responsibilities in the Asian, Eastern European, Middle Eastern and Africancurrency options markets. At Credit Suisse, he worked in New York, London and most recently Singapore, developing the bank’s e-FX electronic options market-making platform and researching systematic relative value strategies in currency options on OTC (over-the-counter) and listed markets. Simeon has a BA in Economics & Political Science from Vassar College and a PhD in Economics from Columbia University. A native of Bulgaria, he is fluent in Bulgarian, Russian and English.
Bryan Carter, Head of Emerging Markets Fixed Income at BNP Paribas Asset Management, comments:
“I am very pleased to welcome Simeon Tsonev to the Emerging Markets Fixed Income team at BNP Paribas Asset Management. His significant experience of building and employing quantitative trading strategies and risk models will enable us to further strengthen our investment offering and risk management. His addition to the team means that we are now able to offer a more complete suite of alpha generation capabilities, across sovereigns and quasi-sovereigns, corporates, rates and currencies.”
BNP Paribas Asset Management’s Emerging Markets Fixed Income currently manages USD 2.7 billion. The 11-member has been rebuilt and restructured by Bryan Carter since he joined in February 2016,and consists of specialists in sovereign credit, corporate credit, local rates, EM currencies and frontier markets. The focus is on alpha generation and the team is additionally able to draw on the extensive resources across BNP Paribas Asset Management, including expertise in environmental, social & governance (ESG).