Morley Fund Management has poached high yield bond manager Andre Mazzella from Abbey National Treasury Services.
Mazzella’s appointment follows assistant fund manager of gilts Graeme Caughey’s departure from Morley to join Scottish Widows Investment Partnership as investment manager in the global bonds and economics team.
Mazella’s appointment is part of Morley Fund Management’s plan to bolster its credit team in light of last month’s appointment to manage a £1bn bond portfolio for Marconi’s pension scheme.
The portfolio will be managed by head of gilts Kevin Lorkins, head of credit Paul Mingay and head of UK institutional sales Ian Williams, who are supported by a fixed income and treasury team consisting of 55 people.
Head of fixed income Peter Rains said: We have plans for further growth particularly on the credit side. Andre is the first of a number of appointments we expect to make.
Morley Fund Management head of credit Paul Mingay said: “We are still looking to add to the credit team particularly to broaden the skills base and increase our international coverage.”
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