Legal & General Investment Management's (LGIM's) Malcolm White is being moved off the group's Fixed Interest Trust (FIT) in favour of Richard Hodges.
White is expected to become more focused on the institutional arm of the business in the role of head of institutional fixed income sales, while Hodges, who currently runs the L&G Dynamic Bond Trust, will take on the mandate from 2 February.
Hodges will continue to run the Dynamic Bond Trust as well, with the group opting for a high-profile retail manager on the FIT in light of growing demand for fixed interest vehicles. Ben Edwards will continue as deputy manager.
LGIM says there will be little change in strategy or investment process.IFAonline
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