Abrdn has announced a series of internal appointments with global head of fixed income Craig MacDonald (pictured) set to exit the firm after 22 years.
He will stay on as a senior adviser into next year, before leaving to pursue a postgraduate in philosophy.
The firm has named current head of US fixed income Jonathan Mandillo as the new global head of fixed income, while Marianne Zangerl has been appointed to the newly-created deputy global head of fixed income role, also serving as head of ESG fixed income.
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Meanwhile, head of European credit Felix Freund will take on an expanded role as head of developed market credit.
Daniel McKernan will step up to become global head of fixed income insurance solutions. The rest of abrdn’s fixed income leadership team has remained unchanged.
Rene Buehlmann, CEO of abrdn Investments, said: “Our fixed income team has significant scale, and a strong track record of performance across credit, government bond and money market funds in both developed and emerging markets.
“The very best talent in the market can often be home grown, and we are incredibly proud of our internal talent and leadership team, who have an average tenure of 17 years.”
Abrdn’s fixed income manages over £130bn assets globally.
