The biggest fixed income moves of the last quarter

Money Management rounds up the biggest people moves in the fixed income space over the past three months. 

The period from 1 April to 30 June saw numerous appointments, including senior global roles, as well as two acquisitions.

Global fixed income CIO appointed at Northern Trust

In April, Northern Trust Asset Management appointed Christian Roth as its new chief investment officer of global fixed income. He joins from Morgan Stanley Investment Management where he held a variety of global fixed income leadership roles over 24 years. 

FSI to close four investment teams

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First Sentier Investors announced it will close four of its investment teams including Australian fixed income and global credit. This affected five fixed income funds, including the $1.9 billion CFS Wholesale Indexed Australian Bond (CFSIL) Fund.

IAM bolsters fixed income executive team

In the same month, Income Asset Management (IAM) announced seven appointments in its fixed income team as the firm strengthened its reach across Australia. The asset manager’s seven hires span across Perth, Sydney and Brisbane, with all reporting to IAM’s head of sales for capital markets, Jenna Labib.

Australian Ethical makes $5.5m acquisition of fixed income manager

Australian Ethical announced in May that it had entered into a binding agreement to acquire sustainable fixed income firm Altius Asset Management from Australian Unity, increasing its funds under management by $2 billion.

HMC Capital to acquire Payton Capital 

Alternative asset manager HMC Capital announced it was to acquire private real estate debt manager Payton Capital in a bid to establish a $5 billion private credit platform. The deal was completed at the end of June. Payton Capital was founded in 1966 as an accountancy practice but rebranded in 2012 as a private real estate debt manager with $1.5 billion in assets under management

Schroders to merge teams; fixed income head to depart

At the end of May, Schroders announced it would merge its fixed income and multi-asset teams into one capability, led by Sebastian Mullins, with Kellie Wood as his deputy. The move meant that former head of Australian fixed income, Stuart Dear, opted to depart from the fund manager after 11 years.

Former Pendal bond manager joins Ellerston Capital

Former Pendal manager Vimal Gor was appointed as head of fixed income and multi-asset at Ellerston Capital in May, after a brief stint at a crypto advisory firm. At Pendal, he and his team were responsible for $22 billion in assets under management and had set up an alternative duration division.

BlackRock fixed income veteran departs for global role

Allianz Global Investors appointed Michael Krautzberger as its global chief investment officer for fixed income, overseeing $278 billion in fixed income assets. Krautzberger joined from BlackRock where he had worked for almost 20 years, most recently as head of fundamental fixed income EMEA.