Welcome to the Bond Renaissance

Flavio Carpenzano is an Investment Director at Capital Group. He has 18 years of industry experience and has been with Capital Group for two years. Prior to joining Capital, Flavio worked as a fixed income senior investment strategist at AllianceBernstein. Before that, he was a product manager at PIMCO focussed on credit strategies. His early career also includes a role at the Bank of England as an analyst in the markets department.

Flavio holds a master’s degree in finance and economics from Università Bocconi. He is based in London.

Wernhard has more than 20 years of international experience as an investment professional. Prior to joining J Safra Sarasin in 2015 as Investment Specialist responsible for Fixed Income, he was Head of Investment Strategy at Allianz Suisse in Zurich, where he was responsible for around EUR 25 billion Assets under Management across all asset classes. Before that, he spent four years at Allianz Investment Management in Munich, where Wernhard was responsible for High Yield credit. During this period he developed the investment platform for illiquid credit and invested EUR 2.6 billion in leveraged loans, distressed debt, mezzanine loans, and infrastructure debt. He also established a co-investment partnership with a major German investment bank and structured the first infrastructure debt transaction for an institutional investor in Europe. Before that, he worked for nine years at Dresdner Kleinwort in Frankfurt and London, where he held various positions including Head of Portfolio Pricing Tools and Vice President in Leveraged Finance & Loan Trading.

Wernhard has an MBA degree from Thunderbird, the American Graduate School of International Management (Glendale, AZ); he studied International Business and Finance at the ITESM – Tec de Monterrey (Monterrey, Mexico). He has been a CFA Charterholder since September 2005.