City Merchants High Yield (CMHY) has appointed Rhys Davies as its named lead manager, effective today. Edward Craven has been appointed as deputy portfolio manager
Paul Read and Paul Causer, co-heads of the Invesco Henley Fixed interest team, will step back as co-fund managers but will continue to provide support along with the wider fixed interest team.
Rhys was promoted to portfolio manager in June 2016 to co-manage the Company’s portfolio having been deputy portfolio manager since July 2014 and has been associated with the Company’s portfolio for many years since joining Invesco in 2002.
Edward Craven is a senior credit analyst having been part of the Fixed Interest team for more than nine years.
Comments from Paul Read/Paul Causer: “The changes represent a natural progression recognising Rhys’s success as the Company’s portfolio manager and bringing on Edward Craven to work with him as a deputy portfolio manager. Rhys and Edward have our continuing support and that of the fixed interest team.”
CMHY: City Merchants High Yield appoints Rhys Davies as named lead manager