UK - F&C Asset Management has appointed Jacob De Wit, managing director at Netherlands-based SNS Asset Management, as its new head of fixed income.
The appointment follows a decision by current head, Helene Williamson, to focus on investment management and take on the role of head of emerging debt at F&C, with a view to launching absolute return products.
Prior to SNS, where he has worked since 2001, De Wit spent three years as head of fixed income at AXA Investment Managers with responsibility for clients in the Netherlands, Belgium and Luxembourg.
At F&C, De Wit will head up a team of more than 40 fixed income investment members based in London and Amsterdam.
De Wit will be based in London and will also join F&C’s executive management committee.
Commenting on the appointment, Alain Grisay, deputy CEO of F&C, said: “F&C has doubled in size as a result of the merger and leading our significantly enlarged fixed income team requires considerable management time.
“When we were considering candidates for this senior role we felt it was essential to find an individual with experience both working for a multinational and a track record of managing a team across multiple locations. Jacob has exactly the qualities we were looking for.”
On her role change, Williamson said: “With the merger now successfully completed I am relishing the prospect of being able to focus my time and energies on managing client portfolios and further developing our successful emerging debt business.”
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