Blyth, who will lead HMC’s international fixed-income portfolio management group, joined Deutsche Bank in 2003. He led a team of six traders running a spectrum of relative-value trading strategies across major interest rate markets.
The Boston-based HMC oversees the university’s $25.9 billion endowment fund. Mohamed A El-Erian, president and chief executive of HMC, who has embarked upon a major recruitment drive this year, said: “We are delighted that Stephen is joining HMC. He brings an impressive mix of proven portfolio management skills, tested leadership abilities, and an impressive academic background combined with tremendous intellect.
“These qualities will further enhance the long-term effectiveness of our portfolio management capabilities, adding depth and perspective to a team that is focused on maximising the return on Harvard’s endowment and related accounts.”
Blyth previously served as a managing director at Morgan Stanley in New York, where he traded US dollar interest rate options, including relative-value arbitrage and exotic derivatives. He has also served as vice-president in the specialised derivatives group at HSBC in New York.
Blyth received his PhD in statistics from Harvard University and holds an MA in mathematics with first class honours from Cambridge University. He has lectured in mathematics at London’s Imperial College.