The investment house has made a number of appointments and changes to its senior managers.

European asset manager Carmignac has made a series of promotions within its European equities, cross-asset and fixed income teams.

The firm, which has more than €50 billion ($53 billion) assets under management, has promoted two of its European equities team members – Huseyin Yasar and Malte Heininger - to the role of fund managers. Yasar has been appointed a co-manager of the Carmignac Portfolio Grande Europe fund, which comprises €420 million of investments. Yasar has worked alongside co-manager Muhammed Yesilhark since 2011. He previously worked at SAC Global Investors and within Goldman Sachs’ M&A division, the firm said in a statement.

Heininger has also been appointed a co-manager of the firm’s Euro-Patrimoine and Portfolio Euro-Patrimoine funds, which collectively have €565 million assets under management. Heininger will co-manage the fund with Yesilhark. Also previously at SAC Global Investors, Heininger has worked as an investment banker at Morgan Stanley. Yasar and Heininger joined Carmignac in January 2014.

Carmignac has reshuffled its cross asset team, as headed by Frédéric Leroux. Leroux has appointed Julien Chéron as fellow co-manager of the asset manager’s Investissement Latitude and Portfolio Investissement Latitude funds, which have €1 billion assets under management.

Chéron joined Carmignac in 2009 to work primarily as a risk manager and joined the cross asset team as a quantitative analyst in 2011. Chéron has 14 years’ experience in risk management and quantitative analysis through his previous positions with CDC Ixis Capital Markets, CDC Corporate and Investment Bank and Anakena Finance.

In line with the expansion of its fixed income team, as led by Rose Ouahba, the firm has appointed Pierre Verlé as head of credit. Verlé joined the firm in January 2013 as a credit analyst, having previously co-managed the distressed debt fund at Butler Investment Managers in London. With 10 years' experience of investing in credit markets, Verlé previously had responsibility for Morgan Stanley’s special situations investments in France and Benelux.

Former head of credit Keith Ney will focus exclusively on the management of Carmignac’s Sécurité fund, the firm said in a statement. Ney has managed the fund, which comprises €6.5 billion, since January 2013.