Convertible bond specialist leaves Avoca Capital for ING IM
Tarek Saber, manager of a convertible bond portfolio at Avoca Capital, has joined ING Investment Management in London.
Avoca was sold to KKR earlier this year.
Saber was head of corporate opportunities strategies at Dutch pension fund manager APG until 2010, when he set up his own venture, Eight Investment Management.
The business then transitioned into Avoca a year later, with Saber focusing on managing the convertible bond strategies.
In the last month, Saber has since joined ING IM as a convertible bond strategist following on from Avoca’s sale to US private equity firm KKR.
He spent seven years at APG and also headed up the convertibles business at HSBC across London, Paris, New York and Hong Kong.
Saber also headed up the convertible bonds desk at UK bank NatWest and was responsible for trading, sales research and proprietary trading at Schroders.