Stone Harbor Announces Senior Management Promotions

Jim Craige Named CO-CIO

NEW YORK–(BUSINESS WIRE)–Stone Harbor Investment Partners LP (“Stone Harbor”), a premier manager
of emerging markets credit strategies, global high yield credit
strategies, and multi-sector credit strategies, today announced several
promotions as the firm continues to evolve, innovate and develop its
next generation of investment leadership.

Jim Craige, Head of Emerging Markets, has been appointed co-CIO of Stone
Harbor, reflecting his vast experience and long tenure at the firm. He
will serve alongside Managing Partner and now co-CIO, Peter Wilby.
Having worked side by side as portfolio managers since 1992, Jim and
Peter will continue to work together closely in leading Stone Harbor’s
investment focus. Jim will retain his position as Head of Emerging
Markets with overall oversight of the asset class, supported by the
existing broad team including industry veterans Stuart Sclater-Booth and
Kumaran Damodaran, both portfolio managers.

Marianne Rossi and William Perry have been appointed Co-Heads of Stone
Harbor’s Global High Yield team, with responsibility for both the
developed and emerging market sectors of the asset class. Within the
developed market sector, Matt Kearns will co-manage the firm’s US High
Yield portfolios alongside Marianne; Matt Cottingham will co-manage the
European High Yield portfolios with Wei Romualdo; and Hunter Schwarz
will co-manage Bank Loans alongside Cathy Nolan.

David Torchia continues as a senior investment leader, running Stone
Harbor’s Multi-Sector Credit and Investment Grade developed market
teams, which provide clients with solutions across a broad range of
credit fixed income asset classes.

Peter Wilby, Managing Partner and co-CIO at Stone Harbor, said, “I am
thrilled to congratulate this talented group of colleagues on their new
roles. These appointments reflect our commitment to our clients and
dedication to ensuring continuity of leadership as the business moves
forward and we further develop our institutional quality global fixed
income expertise.”

Jim Craige added, “The strength and depth of Stone Harbor’s leadership
team is unmatched, and I look forward to continuing to work alongside my
colleagues as the business continues to grow and develop. We believe
there is significant opportunity as these asset classes continue to
evolve and we believe the expanded leadership team we have put in place
is well-positioned to capitalize on this for our clients.”

About Stone Harbor:

Stone Harbor Investment Partners LP is a global institutional
fixed-income investment manager specializing in credit and asset
allocation strategies.

The firm manages institutional clients’ assets in a range of investment
strategies: emerging markets debt, global high yield, bank loans, as
well as multi-sector credit products including unconstrained and total
return approaches. The firm’s investment strategies are based on
fundamental insights, derived from a combination of proprietary research
and the in-depth knowledge and specialized experience of the firm’s team.

Founded in 2006 and based in New York, Stone Harbor serves clients from
New York, Chicago, London, Melbourne and Singapore. For more
information, please visit Stone Harbor’s website at www.shiplp.com.

Contacts

Tess Rodriguez, Prosek Partners
pro-stoneharbor@prosek.com
212-279-3115