This is a newly-created role for the London-headquartered asset management firm.

BlueBay Asset Management has recruited Timothy Ash, previously of Nomura, as its emerging markets senior sovereign strategist.

At financial services group Nomura, Ash was head of Central Eastern Europe Middle East and Africa credit strategy. He has also previously held positions as head of emerging markets research at ICBC-Standard Bank, Royal Bank of Scotland and Bear Sterns.

Ash will be based in London, reporting to David Dowsett, partner and co-head of emerging markets. He will help shape investment views, as well as identify risks and opportunities at a sovereign macroeconomic level across BlueBay’s emerging markets strategies, the firm said in a statement.

“Global macropolitical and economic events are increasingly impacting developments in emerging markets. Our belief is that this trend will persist in the coming years, which can create investment opportunities, but requires more rigorous integration of these factors in investment decision making,” said Dowsett. “Tim’s first class experience in this area enhances our capabilities to ensure we continue to deliver investment performance across our emerging market strategies for our clients."

Bluebay managed in excess of $50 billion for institutions and high net worth individuals as of 31 December 2016.