UK - Edinburgh-based Baillie Gifford has appointed Laurence Linklater of T Rowe Price to spearhead a drive to build the firm's bond business.
Linklater will take on the new role of director, institutional clients department. At T Rowe Price he was vice president and a senior member of the global fixed income asset allocation strategy group.
The firm said Linklater would develop new bond products, identify and secure new business and service a portfolio of client funds where bonds represent a “significant proportion” of the assets.
Nigel Morecroft (pictured), partner at Baillie Gifford, said: “Four years ago we took a long-term strategic decision to develop the firm’s bond capability to enable us to respond to our clients’ changing requirements. We have made significant progress in this period and built up an excellent track record. Laurence’s appointment marks the next step in our development and will greatly enhance our potential to build up a successful specialist bond business.”
Baillie Gifford’s aim to build a specialist bond business kicked off in 2001 with the appointment of Guy Cameron, partner, as head of fixed income.
The fixed income team consists of seven investment managers and three analysts.
The Pensions Regulator (TPR) and Financial Conduct Authority (FCA) have launched a refreshed ScamSmart campaign to warn savers about unsolicited pension communications.
Ann Harris OBE and Mike Dailly have been appointed non-executive directors at the upcoming single financial guidance body (SFGB).
Pension schemes are "placing too much focus" on a narrow section of the private debt market where competition is driving down "compelling opportunities", according to Willis Towers Watson.
Barnett Waddingham's head of business development Adrian Cooper has left the consultancy to join TPT Retirement Solutions in a newly-created role.