London-based fixed income manager, Resco Asset Management Limited (Resco), has appointed Kevin Corrigan as a founding member of its advisory board.
Corrigan says: “This is an exciting opportunity to work with Scott and the team whom I have known for many years and who share a belief in doing things differently. My sense is that the disconnect between asset managers and investors has grown too large and a better alignment is no longer desirable but an imperative. Consensus decision-making, herding behaviour and poor benchmarks, have become endemic, particularly in fixed income. Boutiques play an important role here, fostering innovation, more effective decision-making and new thinking.”
Corrigan is the first in what Resco CEO Scott Schuberg sees as an advisory board that can import hard-earned advocacy from a network of professionals that has already observed Resco’s capabilities, “We are not seeking superficial advisory appointments, rather Kevin is someone we have the utmost personal respect for beyond his stellar credentials, and he shares our desire to create deep and lasting improvements in this industry.
“Kevin spent time working with my colleagues and I many years ago in a great environment, and together we are looking to produce the magic that can be generated by a fixed income boutique where the best ideas win,” says Scott.
