PITTSBURGH, May 13, 2013 /PRNewswire/ -- Federated Investors, Inc. (NYSE: FII), one of the nation's largest investment managers, today announced the appointment of veteran investment professional Ihab L. Salib as senior portfolio manager of Federated Emerging Market Debt Fund. Salib serves as senior vice president, senior portfolio manager and head of the international fixed-income group at Federated where he manages a variety of global portfolios spanning all sectors of the international markets. He replaces Roberto Sanchez-Dahl and Paolo H. Valle, who are no longer with the company. The announcement was made by Robert J. Ostrowski, chief investment officer for global fixed income.
Salib joined Federated's fixed-income team in 1999 and brings more than 20 years of investment experience to the position. He was named portfolio manager in 2002 and head of the international fixed-income group at the beginning of 2007. Prior to joining Federated, he served as a senior global analyst for fixed-income and foreign-exchange securities for UBS Asset Management where he co-managed multi-currency global bond funds for large institutional clients.
"As our head of international fixed income, Ihab Salib brings a vast knowledge of international bond markets and currencies to the Federated Emerging Market Debt Fund," Ostrowski said. "He has been integral to the recent growth of our international team, focusing particularly in the area of emerging markets. We are confident that the portfolio will benefit from his skills, experience and perspective."
Over the past year, Federated has continued to expand its international fixed-income team adding three investment professionals. Today, Salib directs a nine-member team of investment professionals who will continue to provide research support to the emerging-market and international fixed-income strategies. Federated will continue to build its international fixed-income team by adding an additional portfolio manager and one or more analysts in the near future.
Federated Emerging Market Debt Fund, which has a strong record of performance over the last 16 years, pursues a high level of current income and capital appreciation by investing primarily in government and corporate bonds of emerging market governments and corporations.
Federated Investors, Inc. is one of the largest investment managers in the United States, managing $377.3 billion in assets as of March 31, 2013. With 137 funds and a variety of separately managed account options, Federated provides comprehensive investment management to approximately 5,500 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. For more information, visit FederatedInvestors.com.
Federated Securities Corp. is distributor of the Federated funds.
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Separately managed accounts are made available through Federated Global Investment Management Corp., Federated Investment Counseling and Federated MDTA LLC, each a registered investment advisor.
Certain statements in this press release, such as those related to the impact of the new portfolio manager on the Federated Emerging Market Debt Fund, and Federated's plans for growth in the international fixed-income space, constitute or may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the company, or industry results, to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Other risks and uncertainties include the ability of the new portfolio manager to beneficially impact the Fund, and the ability of Federated to implement successfully its plans for expansion . Other risks and uncertainties include the risk factors discussed in the company's annual report as filed with the Securities and Exchange Commission. As a result, no assurance can be given as to future results, levels of activity, performance or achievements, and neither the company nor any other person assumes responsibility for the accuracy and completeness of such statements in the future.
SOURCE Federated Investors, Inc.