Jeffrey Sutton joined UBS Global Asset Management as director of manager research in the firm's global investment solutions group, according to a news release. It is a new position. Mr. Sutton will be responsible for the manager selection and due diligence for the UBS Pace Select Fund Family, which has $5.8 billion in assets under management, and he will manage a team of three analysts, said UBS spokesman Peter Casey. Mr. Sutton will report to Mabel Lung, managing director. Mr. Sutton was a vice president and senior investment analyst at with Northern Trust Global Advisors. Northern Trust spokeswoman Christine Harmon did not return calls seeking comment on Mr. Sutton's replacement.
Jonathan Butler, Michiel Von Saher and Fabrizio Marchesi will join Prudential Fixed Income as the asset manager's new European bank loan team, said spokeswoman Theresa Miller. Mr. Butler will be a principal and portfolio manager. Mr. Von Saher will be a vice president and Mr. Marchesi, a senior associate, and both will be senior credit analysts, focusing on European leveraged loans. All three positions are new, and Messrs. Butler, Von Saher and Marchesi will be based in London. In a news release, Prudential called its bank loan business in London a "first step toward building a broader, European-based fixed income strategy." The three previously worked at NIB Capital in London, where Mr. Butler headed the firm's collateralized loan obligations group. NIB spokeswoman Susan Terwisscha Zan Scheltinga said information on replacements wasn't immediately available.