UK - State Street Global Advisors (SSGA) has appointed Mahmoud El-Shaer as credit portfolio manager.

El-Shaer joins from Salomon Brothers Asset Management where he was assistant vice president of asset management, managing 1bn in global fixed income portfolios for institutional clients. El-Shaer was also co-manager for Eastern European emerging markets at Salomon.

El-Shaer will be based in London and will report to Mark Talbot, head of global bonds.

SSGA has e740bn in assets under management.

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