Lombard Odier is looking to expand its corporate bond expertise following the arrival of former Flem...
Lombard Odier is looking to expand its corporate bond expertise following the arrival of former Flemings fixed interest manager David Boardman late last year, writes Robert Stock.
The initial remit for Boardman, who is group head of fixed income, was to review Lombard Odier's fixed interest capabilities and he has concluded that the group, which manages over £3bn in bond funds, does not have a strong enough capability in corporate debt.
The process of strengthening Lombard Odier's credit capabilities has begun with the search for new analysts and managers, both from within the UK industry and abroad.
It is likely, Lombard Odier admits, to end with the launch of new credit products to stand alongside its only such offering to the UK market, the LO Invest European Credit Bond sub-fund.
Boardman, who joined Lombard Odier in October 2000 and has 29 years of experience in the industry, has overall responsibility for all retail fixed interest products, including the five fixed interest class funds on LO UK Invest, the Luxembourg-based Sicav that Lombard Odier is cloning and gradually bringing to the UK retail market.
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