London-based fixed income boutique TwentyFour Asset Management has appointed David Norris as head of US Credit in New York who will lead the firm’s expansion into US markets.
Norris joined the firm on 18 September 2018 from Credit Agricole, where he was director of High Yield Credit Trading. He will be a key member of TwentyFour’s Multi-Sector Bond team, which manages the firm’s Strategic Income and Dynamic Bond strategies.
Norris previously spent five years as executive director in High Yield Credit Trading and ETF Arbitrage at BNP Paribas in New York, before joining Mizuho Securities in July 2012 as managing director in Global Credit Trading.
He has also held senior positions in credit trading and alternative investments at Greenwich Capital, Barclays and UBS since beginning his fixed income career at CIBC Wood Gundy in London in 1987.
TwentyFour expects to make as many as six further hires in the US in 2019 across various business functions.
The expansion of the team will support its rapid growth, with assets under management now at £13.9bn ($17.9bn) just over 12 months since hitting £10bn for the first time.