PGI expands fixed income team


Principal Global Investors has announced it has expanded its fixed income team in Europe with the transfer of Mark Cernicky (pictured) and Randy Woodbury to its London office and the appointment of two new senior analysts, Nicolas Woodcock and Sebastien Poulin.

“The expansion comes in response to continuing growth in demand from European investors for more opportunistic ‘go-anywhere’ credit and specialist strategies.

“European markets are transforming as fixed income investors, who traditionally only purchased local sovereign debt to back everything from pensions to savings accounts, now find the need to move outside their country to meet their retirement objectives,” the firm said.

Cernicky is a managing director within Principal Global Fixed Income, responsible for creating and delivering custom investment solutions to clients globally.

He has over 15 years of investment-related experience managing portfolios and designing complex strategies for clients.

Woodbury is a senior portfolio manager and trader for Principal Global Fixed Income, responsible for managing global investment grade strategies.

He is also lead portfolio manager for Global Capital Structure Opportunities funds and co-manages all investment credit-rated global bond funds.

Woodcock has joined as senior fixed income analyst in the Principal Global Fixed Income team and will be responsible for global telecom & media, investment grade, relative value and liability driven investment strategies.

Poulin has been appointed as a senior high yield analyst responsible for targeting opportunities in the European high yield telecom & media sector.