BNP Paribas AM appointed Simeon Tsonev to the role of currencies portfolio manager within its Emerging Markets Fixed Income team, strengthening the team and enhancing its investment capabilities.
In this newly-created role, Tsonev will be responsible for alpha-generating decisions within emerging market currencies. He will be based in London, reporting to Bryan Carter, head of Emerging Markets Fixed Income.
Simeon has eight years of investment experience and joins from Credit Suisse where he was a Vice President of FX Options Trading, with a focus on emerging market currencies, and had market-making responsibilities in the Asian, Eastern European, Middle Eastern and African currency options markets. At Credit Suisse, he worked in New York, London and most recently Singapore, developing the bank’s e-FX electronic options market-making platform and researching systematic relative value strategies in currency options on OTC (over-the-counter) and listed markets. Simeon has a BA in Economics & Political Science from Vassar College and a PhD in Economics from Columbia University. A native of Bulgaria, he is fluent in Bulgarian, Russian and English.
Bryan Carter, head of Emerging Markets Fixed Income at BNP Paribas, commented: “I am very pleased to welcome Simeon Tsonev to the Emerging Markets Fixed Income team at BNP Paribas. His significant experience of building and employing quantitative trading strategies and risk models will enable us to further strengthen our investment offering and risk management. His addition to the team means that we are now able to offer a more complete suite of alpha generation capabilities, across sovereigns and quasi-sovereigns, corporates, rates and currencies.”