Vontobel Boutique Hires in the U.S. and U.K.

Vontobel’s asset management boutique TwentyFour is expanding in the U.S. and the U.K. It has hired a number of experienced bankers in the two countries and plans to add even more.

TwentyFour, which specializes in fixed income products, hired David Norris in New York. He will be head of U.S. credit and report to TwentyFour CEO Mark Holman, according to a statement on Thursday.

The U.S. is an important growth market for the asset management boutique and the firm plans to add more experts to its team in New York.

Experience at Crédit Agricole

Norris will become a key member of the multi-sector bond team of TwentyFour, which manages the Strategic Income Fund and the Dynamic Bond Fund with $7 billion in assets under management. TwentyFour has about $18 billion in assets under management.

Norris used to work for French big bank Crédit Agricole and was responsible for the trading with high-interest corporate bonds. He has held a number of managing positions in credit and alternative investments spanning a 30-year-career.

U.K. Growth

TwentyFour also hired three investment specialists for the London office. They will boost the company’s expansion bid. Charlene Malik will join the multi-sector bonds team, Pauline Quirin the asset-backed securities team and Jonathan Owen the outcome driven team.