Teahan, who has run the group’s £228m income maximiser since April 2008, is leaving the industry to pursue other opportunities.
Ted Scott has returned to F&C but will no longer be managing money for the firm. Scott, who has been away due to illness, will be responsible for macroeconomic analysis and advice on market strategy across the UK equities desk. The move marks a reshuffle of the F&C UK equities desk, including those funds previously managed by Scott.
Threadneedle has appointed Julian Thompson as manager of its Latin America fund following the departure of Katy Dobson. Dobson has left following a restructure of the research responsibilities across the emerging markets and Asia equities teams. Thompson, who is head of global emerging markets, takes on the role with immediate effect, with Jules Mort continuing as deputy manager.
Taylor Young Investment Management has appointed Efi Ontopoulou as head of fixed income. Ontopoulou worked at Alpha Trust, where she was senior fund manager responsible for fixed income, managing four bond and money market funds. She began her career at BNP Paribas in London in 1996 as a bond analyst and quantitative credit strategist.
Gartmore has recruited Kam Tugnait as head of high yield. This follows the appointment of John Anderson as head of credit, with both due to join later this year.
Tugnait will be responsible for the management of Gartmore’s high-yield corporate bond fund, repor-ting directly to Anderson. Previous roles include head of high yield at United Bank of Kuwait and more recently Standard Bank.