First State Investments is expanding its global fixed interest team based in the UK and searching fo...
First State Investments is expanding its global fixed interest team based in the UK and searching for a new head of global fixed interest as part of its plans to relaunch the company formerly known as Colonial First State.
Part of the reason for extending the team is to take on the management of £500m in international fixed interest money on behalf of its sister companies in Australia, Singapore, Hong Kong and New Zealand.
Reporting directly to Stuart Paul, chief investment officer, this new role will involve strengthening the debt research and portfolio management expertise through the expansion of the team.
First State Investments was rebranded last month and is now taking on new staff to boost its London and Edinburgh-based teams which are expected to reveal new products and tools to the intermediary in 2002.
"I am delighted with the additional impetus this decision provides us with, as our global investment team continues its strategic development," says Stuart Paul.
"With recent appointments, such as that of Derek Lygo to the role of Head of UK Equities, this announcement provides us with yet another opportunity to expand and further develop our world class investment team."
Phil Jefferson, head of sales in UK and Europe, revealed in August that First State's aim is to become one of the hot new names and is planning to ship over some of the technology used in the Australian market, where First State's parent group is based.
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