UK - Investec Asset Management has appointed Jerry Toner portfolio manager for global fixed income.
Toner joins from F&C Management Ltd where he was director, fixed income and head of eurozone bonds, managing assets in excess of £30bn, Investec said.
Toner will be responsible for retail and institutional global bond portfolios and joins the 26-strong fixed income team that manages more than £11bn in assets.
Commenting on the appointment, Hendrik du Toit, chief executive officer at Investec said: “Jerry brings a wealth of experience and knowledge across a number of different markets and is a significant hire. His appointment underlies our commitment to being a premier provider of specialist fixed income.”
Toner’s appointment follows the recent hires of Peter Burbank as head of credit research and Harsha Patel as credit portfolio manager on Investec’s Pan-European credit team.
Investec said the hires were in response to increasing institutional and retail demand for fixed income.
Investec is an international, specialist investment manager with more than £22bn assets under management, as at June 30, 2004.
This week's edition of Professional Pensions is out now
Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.
The aviation sector's constant evaluation of mistakes to improve safety should be applied to defined benefit schemes, as too many are making the same mistakes again and again, latest research shows.
A month of strikes are due to hit 64 universities from tomorrow over major reforms to the Universities Superannuation Scheme (USS).