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Schroders interest rate head David Scammell departs

Schroders head of UK and European interest rate strategies David Scammell has left the asset manager.

Scammell ran the €1.4bn Schroder ISF Euro Liquidity fund and the £320m Schroder Gilt and Fixed Interest fund, as well as co-managing the €600m Schroder ISF Global Inflation Linked Bond fund.

Following his departure, his portfolio management responsibilities have been reassigned to other members of the group’s fixed income team.

Jamie Fairest is the new lead manager on the Schroder ISF Euro Liquidity fund, with head of global macro Bob Jolly and Thomas Sartain named as alternatives, while the Schroder Gilt and Fixed Interest fund will be helmed by Sartain with Gareth Isaac as alternate.

The Schroder ISF Global Inflation Linked Bond fund will be managed by Jolly and Isaac’s global multi-sector team.

Jolly says: “We are pleased to name Thomas Sartain and Jamie Fairest as lead fund managers. They are highly skilled fund managers who have been working with us for more than six years and have earned the opportunity for this responsibility.”

Schroders has been evolving its fixed income investment desks into a “fully-integrated, team-based approach” over the past 12 months.

Global head of fixed income Karl Dasher adds: “Today our approach encompasses a globally integrated team of over 100 specialist analysts and portfolio managers in London, New York and Singapore.

“By working together and researching ideas in local markets we believe we will be able to provide a performance advantage to our clients.”

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