James Foster has stepped down as manager of the Isis High Income Bond fund to focus on his other two...
James Foster has stepped down as manager of the Isis High Income Bond fund to focus on his other two retail funds as Isis completes its integration process.
Ian Robinson, a member of the old Friends Ivory & Sime bonds team, replaces him as lead manager on the fund. Foster will continue to manage Isis Extra Income Bond and Friends Provident High Income Bond and will become number two on High Income.
As part of the integration process, which is combining managers and funds from Royal & SunAlliance, five fund managers have left. They are: David Berry, Liz Feinstein, Peter Kaye, Tim Scholefield and Philip Hunt. The positions they held are not being filled. Kaye and Scholefield both headed up the North American desks at FIS and RSA respectively and have been replaced by Andrew Hudson, North American and Oeic fund manager at RSA, who is now managing Isis North America and FP American Equity.
David Berry ran RSA UK Equity Income and UK Growth & Income before the merger, both of which are now being managed by Rodger McNair from FIS.
Feinstein leaves the position of director of pan-European large cap equities from FIS. Davina Curling, ex RSA, has taken up a position as head of European retail at the group. Philip Hunt was head of fixed interest at FIS, a position which is now being run by Andrew Tunks, who was head of fixed interest at RSA.
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