In the newly created role, Sharih will work alongside Sebastien Poulin, who joined the team in February 2012.
Sharih joins from Cairn Capital Limited where he was a Senior Credit Analyst working with portfolio managers to devise investment strategies for long biased UCITS funds, high yield credit funds and CLOs. Prior to joining Cairn Capital in 2007, he worked at Habib Bank where he was a vice president in the Investment Banking and Advisory team based in Pakistan. He has also held analyst roles at Denali Capital LLC and J.P. Morgan.
Sharih will be responsible for analysing global high yield investment opportunities aligned to Newton's thematic investment process. He will report to Parmeshwar Chadha, who is the lead manager for over £1 billion of assets under management in high yield bond positions.
Paul Brain, Newton's global fixed income investment leader, comments, 'As we continue to strengthen our Global High Yield team, we remain committed to delivering expert analysis across the asset class to ensure our clients receive the very best in service. Client interest in Newton's absolute return products continues to increase and high yield bond assets remain a vital component in our portfolios. Khuram brings a wealth of experience to an already strong team and we are confident that his expertise will complement the existing team well'.
Newton's 11-strong Global Fixed Income team manages £7.2bn in assets under management and in excess of £1.5bn High Yield assets under management on behalf of a global client base. In order to service the clients effectively, mandates are split into four categories: global diversification, absolute return, income and responsible investment. The focused team of investment professionals is highly nimble in its active approach to fixed income investing, working in conjunction with Newton's wider investment teams to ensure that fixed income investing fully incorporates Newton's global thematic process.
Newton is a London-based global asset management subsidiary of The Bank of New York Mellon Corporation and part of BNY Mellon. With assets under management of more than £55.2 billion (as at 31 March 2013) including assets managed by Newton Investment Management Limited as dual officers of Newton Capital Management Limited and The Bank of New York Mellon, Newton's group of affiliated companies provides a broad range of award-winning investment products and services to individuals, pension funds, charities and corporations.