Madrid-based asset manager Mutuactivos, part of insurance group Mutua Madrileña, has announced a series of appointments that go in line with the group’s strategic plan for the period 2018-2020.
Following the appointment of Emilio Ortiz as chief investment officer in March, the Spanish manager has promoted Gabriel Pañeda to the role of head of Fixed Income and named Rafael Seves as fixed income portfolio manager.
Pañeda joined Mutuactivos in 2010 as fixed income portfolio manager, having previously worked at Bearing Point, Merryl Lynch, Lehman Brothers and Moody’s Investor Services.
As fixed income fund manager, Seves will primarily focus on financial debt. He joined Mutuactivos from Bankinter Gestión de Activos and has formerly worked at Bankia Banca Privada, Altae Banco, CM Capital Markets, Banco Santander and Intermoney.
The Spanish manager’s equity unit has seen the arrival of Joaquin Ferrer as product director Europe, a newly created position that includes the selection as well as the management of funds and pension schemes on the European equity segment. Ferrer reports to Ángel Fresnillo, head of Equities at Mutuactivos.
Ferrer spent the last 12 years as equity analyst focusing on infrastructure and utilities sectors for Kepler Cheuvreux and Santander Investment Bolsa.
As reported earlier in May by InvestmentEurope, Mutuactivos’ fund selection team, led by Pedro Pablo Garcia, has been also reinforced with the hire of Jonás González, joining from Liberbank where he was head of Portfolio Management and Funds of Funds. He also held positions at Banco Madrid and Renta 4.
Mutuactivos manages over €6.3bn through 32 investment funds, 23 pension schemes and other mandates.