Robert Drutman has resigned from the European Bank for Reconstruction and Development where he was asset-backed securities portfolio manager. Drutman, who managed $2.5 billion in ABS for the EBRD in London, told BondWeek he decided to pursue a new challenge.
He will remain on at the EBRD for the next three months as an adviser and consult for the portfolio, and will assist in hiring a replacement. Drutman's replacement has not yet been named, but will likely be an external hire. The EBRD has a $12 billion fixed-income portfolio managed by a team of six, which is headed by Ayesha Shah, treasurer.