The Pala Assets team has extensive
emerging market experience and a profound understanding of financial markets.


Our Team


Evgenij Iorich, Director

Evgenij has a broad experience in emerging markets including fixed income products, equities and structured products. He has worked on numerous public and private transactions with products linked to emerging markets for over fifteen years.

Evgenij also has extensive experience in the natural resources sector and is currently a Managing Partner of Pala Investments Limited (, an investment fund focused exclusively on the mining sector. His commodity experience extends across a broad range of bulk commodities, precious and base metals, as well as oil and gas. He is currently a Director of Nevada Copper (TSX: NCU), Itafos (TSX-V: IFOS) and Serinus Energy (TSX: SEN).

Prior to joining Pala in 2006, Evgenij was a financial manager at Mechel, the Russian metals and mining company. Evgenij graduated from the University of Zurich with a Master of Arts degree.


David Nietlispach, Portfolio Manager – DN

David co-manages an emerging market bond portfolio with a significant share of distressed debt and special situations at Pala Assets. David focuses on corporate and sovereign bond issuers from the Eastern European region.

Prior to joining Pala Assets in 2012, David worked as a research analyst at Julius Baer. Other experience comprises research and editor roles at UBS, the University of Zurich and the Neue Zürcher Zeitung. David holds a Master’s degree in Economics from the University of Zurich.


Dawn Sauter, Portfolio Manager/Credit Analyst – DN

Dawn Sauter co-manages the emerging market bond portfolio together with David and focuses on Latin American and Asian high yield credits. Dawns former positions prior to joining Pala Assets include EM portfolio manager at Julius Baer and EM credit analyst at J Safra Sarasin. Dawn holds an MBA degree from the University of St. Gallen and Bachelor of Science (Economics) degree from Singapore Management University.


Alain Nydegger, Portfolio Manager – Mercurius

Alain Nydegger co-manages the Mercurius fund, a global high-yield portfolio with a focus on emerging markets. The portfolio also has an allocation to special situations and restructurings worldwide.

Alain has over ten years of experience in the financial sector. Prior to joining Pala in 2013, Alain was an Institutional Sales at Bridport and before a Portfolio Manager at Pictet. Alain is currently an Executive MBA candidate at IMD Lausanne. He graduated from the HWZ University of Applied Science in Zurich in Business Administration.


Jan Weidner, Portfolio Manager/Credit Analyst – Mercurius

Jan Weidner co-manages the Mercurius fund. Jan has over ten years of experience in the financial sector. Before joining Pala Assets in 2018, Jan was Co-Head of Credit Research at Arrowgrass and prior to that Credit Analyst at CQS. Jan holds a BSc in Physics from Imperial College and a Master in Finance from London Business School.