Schroders has bolstered its fixed income team with a new product specialist role and will continue to expand with the search for a credit analyst.
Kelly Wood, formerly of UBS Global Asset Management, has been appointed to the new role of fixed income product specialist, a role that sits between the funds management and sales roles. Chief executive of Schroders, Greg Cooper, said the structure allowed funds managers to exclusively focus on managing portfolios. The Australian fixed income product has been receiving good flows, he said, and this new role would facilitate the continued focus on the fund by the managers. The Schroders fixed income team now numbers five, and will continue to expand with the appointment of a credit analyst over time. Schroders has been on a recruitment drive recently, with the appointment of Andrew Fleming to the Australian equities team, and will continue to make appointments following a spate of departures in June. Cooper said the manager was also looking to appoint a new member to the Sydney-based quant team.
Since taking over the top job at the $44 billion Funds SA more than a year ago, chief executive John Piteo has ushered in an investment function overhaul and wrapped up an important stage of the fund’s five-year data transformation program. It pledges to recentre around investment performance and more efficient processes, as the “missing piece” has been found in incoming CIO Con Michalakis.
Darcy SongJanuary 10, 2025
