• Two new fixed income analysts join from BNP Paribas and Global Evolution
• Follows launch of Global Sustainable Total Return Bond strategy earlier this year
• Both GBP and USD Funds outperform benchmark during Q3 2022 and see overall assets grow to $265m

London, 10 November 2022 - Brown Advisory, an independent and privately held global investment management firm that oversees approximately $120 billion in client assets, has further strengthened its Global Sustainable Fixed Income team with two new analyst hires in London, following strong inflows and performance year to date.

Yacine El-Mohri joins from BNP Paribas where he was a Financials Credit Trading Desk Analyst, specialising in European banks and insurers and had responsibility for making investment and trade recommendations. Eriko Miyazaki-Ross joins from Global Evolution where she was an Emerging Markets Corporate Credit Portfolio Manager and U.K. Branch Manager, responsible for managing portfolios and overseeing the corporate credit investment committee. In their roles as fixed income analysts based in Brown Advisory’s London office, El-Mohri and Miyazaki-Ross will add further expertise to the firm’s team of fixed income and equity fundamental and ESG analysts.

The new appointments follow the launch of Brown Advisory’s Global Sustainable Total Return Bond strategy in February this year with a GBP Fund, and in March with a USD Fund. During this time, the strategy has seen strong demand from clients, with assets rising to $265m across both Funds. Against a challenging macroeconomic backdrop, the GBP Fund outperformed the Bloomberg Barclays Global Aggregate 1-10 year (GBP hedged) index during Q3 2022 by 2.10 percentage points.

The strategy is managed by Ryan Myerberg in London, and Chris Diaz and Colby Stilson in the U.S. Taking a global, sustainable and dynamic approach to fixed income, it seeks to offer investors access to an attractive stream of income and risk-adjusted returns while simultaneously generating a positive impact on global sustainability issues. It aims to deliver total returns over an economic cycle and act as a complement and counterbalance to equities in an investment portfolio.

Logie Fitzwilliams, Head of International Business and Global Head of Sales at Brown Advisory, said: “Yacine and Eriko bring with them a wealth of analytical experience from well recognised institutions, and it is clear their expertise will add yet further depth to our already accomplished and growing Fixed Income proposition which is seeing strong client demand.”

Ryan Myerberg, Partner and Portfolio Manager, Global Sustainable Fixed Income at Brown Advisory, said: “Financial markets have been challenged in terms of correlations, volatility and valuation, with the economy in a classic “late cycle” state that demands a defensive posture and a focus on preserving capital. Monetary policy will continue to tighten, growth will continue to slow, and interest rates and risk assets should be positively correlated to the downside.

“At the highest level, we’re facing risks associated with a new world order unfolding on myriad fronts: geopolitics, de-globalisation, renewable energy transition, and aging populations, all of which could influence the trajectory of inflation going forward. The global monetary and fiscal policy backdrop will also keep putting pressure on corporate earnings. Spreads, particularly within the U.S., have not reached levels that fairly compensate investors for recession risk, but within European markets we may see some opportunities to lean into corporate credit over the coming months. We’re excited about the opportunities being presented to us in global fixed income, and Yacine and Eriko will be key contributors to our team in our continued quest to produce best-in-class returns for our investors.”