London-based boutique asset manager Ambix Capital is set to launch fixed income strategy funds following the appointment of Marco Sticchi as head of fixed income.

Mr Sticchi joins Ambix from Whitebeam where he was portfolio manager for the Whitebeam credit fund. Before joining Whitebeam, Mr Sticchi worked at Morgan Stanley for 10 years, latterly as a senior high yield bond trader in London.

Ambix said in a statement that Mr Sticchi will set up and develop and manage a long-short credit fund, a long only credit fund as well as an absolute return multi-asset fund to be co-managed with Pier Alberto Furno, founder of the firm. Mr Furno told WealthBriefing that the firm will build up a team over the next few months.

“We are seeing exciting opportunities in the global fixed income markets at the moment. Being able to hire someone with Marco’s experience combined with the current market conditions make this an extremely exciting opportunity. We will be working hard with Marco to develop these products and get them to market quickly and efficiently,” said Mr Furno.

Ambix was launched in 2004 as a joint venture between Mr Furno, Del Castaño Partners and Lehman Brothers. Following Lehman Brothers’ bankruptcy, Mr Furno bought out the investment bank’s share of the company and relaunched the firm as Ambix Capital. Together with its parent, Monaco-based asset manager Nemesis, the company now has over €350 million ($498 million) in assets under management.