Michela is Head of Global Investment Research and Chief Credit Officer at Phoenix Group, the United Kingdom’s leading retirement savings and income business, with over £290 Billion of assets under administration, on behalf of about twelve million customers. In this role, Michela leads a team that provides, credit, macro and sustainability analysis and fundamental research for all asset strategies pursued by Phoenix Group encompassing public and private markets. Michela joined Phoenix in 2021 from Pension Insurance Corporation where she served as Head of Ratings and Credit Research. Prior to that, Michela spent 14 years at S&P Global Ratings, London, most recently as Senior Director, Infrastructure Ratings – EMEA Analytical Head, managing a team of 20 analysts and a portfolio of over 150 issuers in the infrastructure sector. The portfolio included corporate and project finance transactions covering social infrastructure, road, transport and renewables. Michela started her career at Goldman Sachs within the Equities Division. She holds a DEA en Analyse et Politique Economique (Master in Economics) from EHESS, Paris and a Specialization in Finance as a Ph.D. candidate from HEC, Paris.