Omam loses another bond team member

Old Mutual Asset Managers has lost another member of its bond team following the departure of Stephen Snowden in April.

Rachid Semaoune, an analyst that works on the £589m corporate bond fund, will be leaving the firm.

The departure comes after Stephen Snowden, who was previously lead manager of the corporate bond fund, left Omam in April to rejoin Aegon Asset Management.

Semaoune joined Omam in early 2008.

Omam appointed Christine Johnson as interim manager of the corporate bond fund following Snowden’s departure.