Philippe Berthelot began his career in 1992 at CDC Gestion, as a fixed-income and money market portfolio manager. In 1998, he joined AXA Investment Managers (Paris) where he was fixed-income portfolio manager successively on euro aggregate and credit expertise. He became head of euro credit team in 2002, and then head of fixed-income euro area in 2006. In January 2009, he was appointed head of continental credit Europe, before joining Ostrum Asset Management in January 2010 as Head of Credit Management Teams (Corporate, Satellite and Structured Credits). Mr. Berthelot has 23 years of professional experience. Mr. Berthelot holds a Master in Management Science from the European Business School (Paris), and a Master in Finance from ESC Tours, a French graduate business school. He is a CFA® charterholder.