UK - Schroder Investment Management's sterling bond team has been appointed by Yorkshire Electricity Group to manage a £280m sterling bond mandate for its pension scheme.
Bob Griffith, group administrator of the Yorkshire Electricity Group said: We believe that Schroders' dedicated expertise in government, corporate and index-linked bonds makes it ideally equipped to manage a bespoke portfolio in accordance with our objectives.
Schroders manages £7.6bn in sterling bond assets. John Troiano, head of UK institutional business said: “This prestigious appointment is further testament to the reputation we have built in this asset class, and we greatly look forward to working with Yorkshire Electricity Group in the future.
By Luke Clancy
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