Kam Tugnait is joining Gartmore as head of high yield with responsibility for the High Yield Corporate Bond fund.
He will run the £130.7m fund with Simon Surtees, although the group has not yet decided who will be the named lead manager. Surtees previously managed the fund with Karl Bergqwist, the co-head of the fixed income team, who was made redundant in December.
Tugnait has worked as head of high yield at Standard Bank and the United Bank of Kuwait.
In a further addition to the fixed income team, John Anderson was appointed head of credit in February. He will join Gartmore from Rensburg later this year.