ex-threadneedle emd head resigned

Our article of 12 April 2012 entitled “Threadneedle’s head of EMD leaves amid strategy overhaul” could have created the impression that head of emerging debt Richard House was leaving Threadneedle as a result of the restructuring of the group’s fixed income capability announced on 12 April and at Threadneedle’s suggestion.

ex-threadneedle emd head resigned
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We are happy to make it clear that in fact Mr House has been recruited by another asset management firm to be head of emerging market debt and is currently on gardening leave pending taking up his new job. He resigned from Threadneedle on 2 April. We apologise for any distress caused to Mr House by the original article.

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