Aviva Investors has named Caroline Hedges as head of credit.
Hedges has replaced Colin Purdie who moved to the role of chief investment officer of liquid markets in June.
Hedges, who has been with Aviva since 2006, was previously head of liquidity and securities finance and a portfolio manager across a range of money market and short duration bond funds.
In the new position, she will lead teams across investment grade and high yield credit, emerging market debt, liquidity and securities finance.
Purdie said: “Caroline has been part of my leadership team for the past three years, during which time our third-party liquidity business has grown from £3bn to £10bn. She has a strong focus on commercialising our capabilities, rigorous focus on performance and ability to work effectively with the investment and sales teams.
“She has a clear strategy to take the credit business forward, based on performance, culture, process, a well-defined approach to ESG and appreciation of the competitive environment.”
