Standard Life has hired Rod Paris as head of global fixed income following the departure of Will Hay...
Standard Life has hired Rod Paris as head of global fixed income following the departure of Will Hay, who resigned from the life company on Monday.
Paris' arrival at the group was arranged before Hay's departure, clearing the way for Paris, the former Merrill Lynch Investment Managers head of global bonds, to take over responsibility for Standard Life's global fixed interest team.
The team Paris has arrived to head manages around £16bn in UK fixed income investments for retail and life mandates, a figure rising to £21bn when global fixed income holdings are included.
The team is also responsible for a number of retail funds sold through the intermediary channel, including the Standard & Poor's AA-rated Corporate Bond fund, which has £250m plus under management, and the much smaller UK Gilt fund.
The group, which is one of the five largest fixed income investors in the UK, does not yet have a fund offering in the global bond sector.
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