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OMGI’s head of fixed income departs following restructure

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Old Mutual Global Investors’ head of fixed income Christine Johnson is leaving the firm following a restructure of the fixed income arm.

The decision concludes OMGI’s strategic review of its fixed income capabilities, during which it was “mutually agreed” with Johnson that “the role of head of fixed income is no longer required”.

Other changes made during the review include the creation of three core fixed income desks, with the appointment of John Peta as head of emerging market debt in March 2015, the promotion of Tim Barker to head of credit in December 2015 and the appointment of Mark Nash as head of global bonds in June 2016.

Johnson handed over management of the Old Mutual Corporate Bond fund to Lloyd Harris in December 2015 and the Old Mutual Global Strategic Bond fund to Mark Nash and Nicholas Wall in August 2016 to focus on managing the team.

Johnson’s Old Mutual Monthly Income High Yield Bond fund will be run by current co-manager Bastian Wagner with Tim Barker appointed as co-manager while the Old Mutual Monthly Income Bond fund will have Barker at the helm.

Barker, Peta and Nash will report to Paul Simpson, OMGI’s director of investments.

Paul Simpson says: “OMGI’s fixed income team has been remodelled over the last two years, with a focus on hiring high-quality fund managers and promoting internal talent to ensure we now have clear areas of focus. This structure is pivotal to our investment philosophy that having specialists in each of the major areas of fixed income that work closely with one another is crucial to finding value in today’s increasingly interconnected markets.

“Having successfully implemented this strategy and built up a range of high-quality fixed income funds, Christine has accomplished her goals and leaves with our thanks and best wishes to pursue opportunities outside of the business.”

Johnson adds: “During my time at OMGI, we have built a highly experienced and successful fixed income desk. With the team in place for nearly nine months, a head of fixed income is no longer required. Therefore, I believe now is the right time for me to move on and explore alternative opportunities. I am confident that the team will continue to deliver for investors and I wish them, and the business, the best for the future.”

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