UK - Lex Service Pension Scheme has appointed Aegon Asset Management to manage £57m in bonds.
The money is being invested in sterling corporate bonds and will be managed by Daniel McKernan, head of credit research at Aegon.
The trustees of the Lex Service Pension Scheme were advised by Mercer Investment Consulting.
Mandate wins for Aegon last year totalled more than £680m – a 65% increase on the previous year.
The fund manager currently has more than £15bn of fixed income assets under management, including £13bn in corporate bonds.
Mercer has hired Sylvia Pozezanac from Prudential Financial to take over from Fiona Dunsire as its UK chief executive.
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