US - Legal & General Investment Management (LGIM) has established a new US investment grade credit team on the back of growing client demand and also appointed a new global head of fixed income.
The US team will be led by John Bender, head of US investment grade bonds, and the firm said it planned to increase the team to around 8 over an unspecified timeframe as it looks to cater to increased demand for fixed income.
The team will focus on managing US investment grade credit and will also significantly contribute to the development of LGIM’s global fixed income process, the firm said in a release.
The firm also appointed Roger Bartley (pictured) as global head of fixed income. Bartley joins from Gartmore Investment Management, where he was CIO – fixed income.
The LGIM fixed income team manages over £80bn of assets.
Based in the UK, Bartley takes up the role following the tragic death of John Monckton in 2004.
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