Michael Schewitz

Co-portfolio Manager Investec Bank

Michael Schewitz is a co-portfolio manager in the Credit Investment department of Investec Bank UK in London. Currently he focusses on investing in Collateralised Loan Obligations (“CLOs”), but the Credit Investment’s mandate is the purchase of any superior risk-return debt assets in the USA and Europe. The CLOs in which he invests contain both broadly syndicated loans and private debt loans, but he also invests in other types of securitisations and credit collateral. CLO debt is tranched and over the years, Investec has purchased CLO tranches from ‘equity’ (first loss) to AAA in both Europe and the US. This has entailed understanding and managing quite different risk profiles. The team’s current focus is on highly rated CLOs, loan portfolios, and mortgage receivable products. Michael is necessarily interested in Data Analytics in Finance and elsewhere and these techniques are applied in his role. Specifically, he uses Statistics and systems to understand portfolios that, by their nature, have many dimensions and that need to be visualised and managed within a price constrained environment. He has an MSc in Applied Statistics from the University of London (Birkbeck), a BEconSc (hons) degree in Maths and Economics from Wits University in South Africa and he studied at the Sorbonne in Paris.