Pierre Verlé joined Carmignac in 2013 and is now head of credit and a fund manager. He began his career in 2004 at Merrill Lynch Paris as an M&A, debt and equity capital markets analyst. In 2006, he moved to Morgan Stanley London where he worked as a buy side analyst in distressed debt and high yield securities for three years. In 2009, he founded Butler Investment Managers, and was deputy CEO of the distressed debt fund until he joined Carmignac.