Schroders has recruited a seasoned credit fund manager from rival Legal & General Investment Management; an addition the firm said represents an expansion of the business in response to greater demand from investors.
Julien Houdain, formerly head of global bond strategies at LGIM, has joined Schroders as deputy head of credit for Europe, the fund manager said in a statement on 14 January. He is managing the recently-launched Global Credit Income Short Duration fund, and reports to Patrick Vogel, head of credit for Europe.
Vogel — who also hailed from Legal & General before joining Schroders in 2012 — said that Houdain’s experience in quantitative investment techniques has added to Schroders’ capabilities in the field.
Vogel’s team has more than doubled its assets under management in the past five years to around £20bn, according to his LinkedIn profile.
Houdain’s recruitment follows the appointment of Saida Eggerstedt as head of sustainable credit in September. She joined from German asset manager Deka Investment and will work on linking up Schroders’ credit managers with its sustainability specialists, led by Jessica Ground.
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