Old Mutual Asset Managers UK (OMAM) has bolstered its fixed interest team with Chris Palmer and Rachid Semaoune joining as fund managers.
Palmer joins as Old Mutual dynamic bond fund manager alongside head of fixed interest Andrew Tunks. He joins from Elgin Capital where he was a crossover credit specialist focussing on the Sterling bond market.
Semaoune becomes deputy manager of the Old Mutual corporate bond fund, managed by Stephen Snowden. He joins from Gulf International Bank, where he was a trader in euro and sterling investment grade bonds.
OMAM head of fixed interest Andrew Tunks says: “We are delighted that Chris and Rachid have joined OMAM’s fixed interest team. They are both talented and experienced investment professionals and I expect them to play a key role in the management of our fixed interest funds during what should prove to be an exciting period for the asset class.”