Perpetual Investments has expanded its fixed-income team with the appointment of Thomas Choi to the role of assistant portfolio manager and credit analyst.
Choi previously worked at CMC Markets and hedge fund manager Prodigal and joined Perpetual in 2008.
He brings to the new job over seven years of investment industry experience.
Choi's responsibilities in the new role will include looking after cash dealings and liquidity management inside the firm's fixed-income portfolios.
He will also oversee the organisation's active asset allocation process for its balanced funds and the quantitative analysis involved with Perpetual's credit scoring procedure.
"Perpetual has one of the most experienced credit teams in the market. Mr Choi's appointment provides more depth and breadth in terms of specialists skills and builds on the team's already substantial capabilities in fixed income," Perpetual group executive income and multi-sector Richard Brandweiner said.
"With the enhancement of our credit resources, we are in an optimal position to take advantage of the many value opportunities in the market and to continue driving performance for our investors," he said.
The appointment comes as a direct response to a rise in inflows to the firm's fixed-income portfolios in the aftermath of the global financial crisis.
According to Brandweiner, advisers are continuing to move away from riskier strategies to more defensive portfolios.
