ING Investment Management has poached the team in charge of a rival convertible bond vehicle, growing its range of funds.

Tarek Saber, whose move to ING IM was confirmed last week, will be joined at the asset manager by Jasper van Ingen.

Both joined previous employer Avoca in 2011 from Dutch civil service scheme APG.

They joined ING IM in November – Saber as investment team manager for convertible bonds, Van Ingen as senior portfolio manager for convertible bonds.

Hans Stoter, the asset manager’s CIO, said he expected to focus on yield, low volatility and limited downside risk in the current investment climate.

“Convertible bonds fit very well within this environment and provide an excellent complementary strategy to our product suite,” he added.

Stoter praised Saber and Van Ingen as “seasoned investment experts”.

Saber has nearly 30 years’ experience in the convertible bond market, launching APG’s corporate opportunity strategy fund.

He has also worked at HSBC Investment Bank as its global head of convertible bonds and was head of European convertible bonds at Schroder Securities.

For his part, Van Ingen spent six years at APG working on the corporate opportunity strategy fund launched by Saber, but also as a hedge fund portfolio manager in APG’s New York office.

Both will be based in London.