Credit Suisse Asset Management hires Schaney as global head of fixed income

New York, Sept. 24 - Credit Suisse Asset Management said it has hired Dennis Schaney to the new position of global head of fixed income.

Schaney will report to Michael E. Kenneally, Credit Suisse Asset Management's global chief executive officer, and will join Credit Suisse Asset Management's global executive committee.

Earlier this year Credit Suisse Asset Management named Jack DiMaio as global head and chief executive officer of alternative investments, including real estate, structured finance and fund of funds. Credit Suisse Asset Management said it will name a global head of equities later in the year.

Schaney was previously at BlackRock Financial Management, where he was a managing director and founder of that firm's high yield business.

"Dennis is a highly skilled fixed income professional with a strong track record of providing value to clients," Kenneally said in a news release. "He is also an experienced manager and business builder who started the successful high yield business at BlackRock from scratch. Dennis brings to CSAM the proven leadership ability necessary to direct a disciplined investment process that delivers high performance for our clients."

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