OMGI scraps head of fixed income role in reshuffle

Old Mutual Global Investors has decided to nix its head of fixed income role, following a strategic review, which will see Christine Johnson depart the firm.

OMGI scraps head of fixed income role in reshuffle

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The funds she co-managed while leading the fixed income team, the Old Mutual Monthly Income Bond Fund and Old Mutual Monthly Income High Yield Bond, will be run by Tim Barker and Bastian Wagner, respectively, with support from the global bond team. 

OMGI clarified that the investment objectives and strategies of the funds will remain unchanged.

The firm’s director of investments Paul Simpson said: “OMGI’s fixed income team has been remodelled over the last two years, with a focus on hiring high-quality fund managers and promoting internal talent to ensure we now have clear areas of focus.

“This structure is pivotal to our investment philosophy that having specialists in each of the major areas of fixed income that work closely with one another is crucial to finding value in today’s increasingly interconnected markets. 

“Having successfully implemented this strategy and built up a range of high-quality fixed income funds, Christine has accomplished her goals and leaves with our thanks and best wishes to pursue opportunities outside of the business.”

Barker, Peta and Nash will now report to Simpson.

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