View more on these topics

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.”


Pensions minister tells ABI to accelerate charges disclosure standards

The pensions minister has urged the Association of British Insurers to accelerate plans to introduce improved disclosure standards on costs and charges for providers. Earlier this month, 14 of the UK’s biggest pension providers signed up to a series of charges disclosure requirements. Under the terms of the agreement, insurers will be required to disclose […]

FSA bans fund manager and two traders for market abuse

The FSA has banned a Swiss fund manager and two traders for market abuse and hit them with fines totalling more than £1.5m. Stefan Chaligné, a Swiss-based hedge-fund manager, has been fined £900,000 plus £308,005 of extra financial benefit he gained. Patrick Sejean, a former senior salesman on Cantor Fitzgerald Europe’s London-based French desk, has […]

Final salary pensions close at record rate

Final salary pension schemes have closed to new members at the fastest rate on record, according to research carried out by the National Association of Pension Funds. A survey of 280 NAPF members, covering 1,018 pension schemes with nine million members, reveals just 13 per cent of final salary schemes were open to new staff […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm