PHILADELPHIA--(BUSINESS WIRE)--Investment advisory firm The Swarthmore Group today announced that veteran portfolio managers Scott Mero and Steven Schweitzer have joined the company as partners and senior fixed income portfolio managers. The duo strengthens Swarthmore’s management team and positions the company for long-term growth in investment-grade, structured credit, and high-yield products. Schweitzer and Mero bring nearly 50 years of combined fixed income experience in fundamental credit research, trading, and portfolio management.
“We are excited to attract top talent like Steven and Scott for the benefit of our existing and prospective clients,” said James Nevels, founder, chairman, and CEO of Swarthmore. “We continue to build upon the firm’s 29 years of client dedication, and we look forward to passing the baton to the next generation of leaders.”
Mero, with more than 23 years of financial and investment experience, was most recently a director of credit sales and trading at Credit Agricole, specializing in high-yield and investment-grade bonds and asset-backed securities. He was previously the U.S. co-head of the strategic credit trading group at ABN AMRO. Schweitzer has more than 23 years of investment experience, specializing in fixed income, credit analysis, and portfolio management. He was most recently a principal and portfolio manager at Shenkman Capital Management.
“We are elated to join Swarthmore and work with Jim Nevels, whose business experience and philanthropic endeavors are unparalleled,” said Schweitzer. "We look forward to using our complementary skills to develop new product capabilities and grow the firm from a boutique to a world-class asset manager.”
The firm successfully represents institutional clients, pension funds, endowments, insurance companies, and retirement plans. Schweitzer and Mero are committed to preserving the company’s legacy of always serving the client’s best interest.
“We are excited to use our capabilities across multiple fixed income asset classes to deliver superior risk-adjusted returns over a full market cycle,” said Mero. “We look forward to serving the firm’s clients with the highest degree of integrity, open communication, and service.”
The Swarthmore Group is one of the oldest, active, minority-owned registered investment advisors headquartered in the Commonwealth of Pennsylvania. It offers wealth management, institutional investing, and institutional consulting services to a diverse group of individuals and institutions. More information is available at swarthmoregroup.com.