UK - London based Morley Fund Management has promoted Ceris Williams to head of fixed income, reporting to chief investment officer, Gerry Holtham.
Ceris assumes his new role immediately following Peter Rains' decision to leave the company.
Rains worked with Morley since 1988, most recently as head of fixed income and head of alternative investment.
Commenting on Rains' decision, Holtham said: Peter has played an instrumental role in building Morley's fixed income team into one of the largest and most respected players in the UK market.
“We thank Peter for his significant contribution and wish him every success in the future.
Rains’ successor Williams joined Morley in September 2002 as head of sovereign bonds. Before that he was head of fixed income at Rothschild Asset Management.
Reporting to Williams will be head of treasury Tim Lucas, head of corporate credit investments Paul Mingay, head of sovereign products Shahid Ikram, and head of gilts Kevin Lorkins.
In addition, Morley's overseas credit teams headed by Dan Fasciano in Boston and Chng Ghim Hoon in Singapore will now report directly to Paul Mingay.
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