Kapstream appoints analyst, promotes internally

Kapstream Capital welcomed a new credit analyst this week and announced internal promotions for three of its investment team members.

Joining the Janus Henderson-owned fixed income manager as a credit analyst is Pauline Chrystal. She has nine years' experience analysing credit markets from her prior career in Australia and overseas.

In financial services, Chrystal was most recently a former senior credit analyst at Scotiabank and before that was a convertible bond analyst at Standard Chartered Bank.

Kapstream managing director and portfolio manager Raymond Lee said Chrystal stood out "given the breadth of experience she gained within both buy and sell-side environments, and her knowledge of credit markets domestically and in other jurisdictions such as Asia and Latin America."

"She brings valuable diversity to the existing skills within the team as we continue to look for new opportunities to diversify portfolios," Lee said.

Separately, Kapstream has promoted three investment team members to the title of managing director.

Lee, Daniel Siluk and James Bloom have been appointed the title as recognition for continuing the business' growth in their respective portfolio management and investment strategy roles.

Head of Kapstream, Steve Goldman, said these "appointments reflect their contribution, as well as their importance to Kapstream's ongoing success in the years ahead."

The fund manager's co-founder Kumar Palghat said: "Now with more than a decade's track record and with assets under management of almost $12 billion, our low risk absolute return fixed income approach - arguably even more relevant today with the ongoing market uncertainty that clients have to grapple with - continues to attract strong support from a wide spectrum of investors here in Australia, as well as a growing US client base."

"An expansion of our investment and leadership teams makes sense as we consider the best way to serve our clients and continue to grow Kapstream in the coming years," he said.

Earlier this year the fixed income specialist flagged launching a second fund to sit alongside its flagship Absolute Return Income Fund. It is understood the new fund will launch in July.

Read more: USKapstream CapitalAustraliaPauline ChrystalRaymond LeeAsiaDaniel SilukJames BloomKumar PalghatLatin AmericaScotiabankStandard Chartered BankSteve Goldman
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