Jurgen Odenius was named a principal for international economic and strategic research at Prudential Fixed Income, confirmed Jim Sullivan, CEO of the $270 billion bond manager.
The position is new.
Mr. Odenius was mission chief of the International Monetary Fund's European Department in Washington. A spokesman for the IMF couldn't immediately be reached for further comment.
At Prudential, Mr. Odenius will focus on evaluating global macroeconomic trends and analyzing developed country sovereign bonds, contributing to the firm's views on interest rates, sovereign spreads and foreign exchange rates.
Developed country sovereign risk is becoming increasingly important, while the outlook for developing countries is improving — a “huge phenomenon” with implications for all fixed-income products, Mr. Sullivan said in a telephone interview. Mr. Odenius' background at the IMF, where the focus is not just on macroeconomics but on the policy implications of economic and political risks, will add an important element to Prudential's research, he said.