Mawby, who joined Man GLG in September 2012, handed in his resignation last week.
Man GLG told Portfolio Adviser any announcements on a replacement would be made in due course.
Li, who used to report into Mawby, will now report to Simon Finch, who was announced CIO of credit in March. Finch began the new role today.
Prior to Man GLG, Mawby spent almost seven years at ECM Asset Management, where Li also used to be a manager before joining his former colleague in 2014. He had previously worked at Gartmore Investment Management, Aviva Investors and Goldman Sachs.
The £253.9m Strategic Bond fund has mixed performance compared to its peers, ranking top quartile over one year with returns of 4.2% compared to 2.1% in the Investment Association’s Sterling Strategic Bond sector, while over five years it has returned 17.5% compared to 18.8% in the sector, according to FE.
The £100.7m Corporate Bond fund has fallen 3.7% over one year compared to falls of 0.5% in the Global Bonds sector. Over fives years the fund has returned 20.8% while the sector has returned 12.6%.
