Fischer Francis Trees & Watts names fixed-income leaders

Dominick DeAlto was named head of global multisector fixed income at Fischer Francis Trees & Watts, and Timothy Johnson was named head of global sovereign fixed income, confirmed spokeswoman Laura Manley.

Both will be based in New York.

Mr. DeAlto will be responsible for global aggregate, U.S. core and U.S. core-plus strategies, and will lead the sector-rotation team. Mr. Johnson will also be a member of the money manager's global rates alpha investment team.

Messrs. DeAlto and Johnson report to Guy Williams, chief investment officer.

The appointments are new positions created as part of the merger of FFTW's global and U.S. product teams into a global multisector fixed-income team. Alex Johnson and Dave Marmon had led the global products team; Mr. Marmon, who was also head of U.S. products, left FFTW last year and Alex Johnson will now focus solely on managing absolute-return strategies, Ms. Manley said in an e-mail.

Mr. DeAlto was head of investment strategy and product development at Deutsche Asset Management, while Timothy Johnson was portfolio manager on BlackRock (BLK)'s investment-grade credit/long-duration team. Pholida Phengsomphone, spokeswoman at Deutsche Asset, and Farrell Denby, BlackRock spokesman, said their firms would not comment.

FFTW had $22.8 billion in global multisector fixed-income assets under management as of Dec. 31, Ms. Manley said.

— Contact Rick Baert at rbaert@pionline.com | @Baert_PI