Legg Mason-affiliated fixed income manager Western Asset Management has appointed Damon Shinnick as a portfolio manager and senior credit analyst to its Australian fixed income team.
Shinnick joins from United Kingdom-based Pension Corporation, where he was a partner.
He established and led Pension Corporation's credit research process and managed a portfolio of UK and European corporate and structured credit.
Shinnick will join the six-member team to help formulate portfolio strategy and supplement credit research in the Australian and New Zealand markets.
He will also be involved in developing new products in corporate and structured credit to meet the evolving needs of Australian investors.
"With Western Asset in Australia reaching $11 billion under management, it has been an opportune time to expand the team and position the domestic business for continued growth," Western Asset head of investment management in Australia Anthony Kirkham said.
Shinnick's previous stints included portfolio manager at Lehman Brothers Asset Management Australia from 2005 to 2008 and portfolio manager and senior analyst at Challenger Financial Services from 2001 to 2005.
Western Asset manages more than $410 billion in assets globally.
