Mike Riddell has been named as the new lead manager on three M&G retail fixed income funds, replacing Jim Leaviss.
Effective at the start of this month, Riddell has assumed control of M&G's £123m Index-Linked Bond, £54m International Sovereign Bond and £12m Emerging Markets Bond funds.
Riddell has nearly a decade of investment experience and has spent the past seven years in M&G's retail fixed income team.
Leaviss, who will become deputy manager on the products, will continue to run the M&G Gilt & Fixed Interest Income, Global Macro Bond and High Yield Corporate Bond funds.
"We are always looking to nurture and reward talent and in so doing ensure that our investors gain access to our brightest minds," Leaviss, the head of retail fixed income at M&G, says.
"Mike has certainly shown his skills throughout hugely difficult markets, helping to generate value-added investment ideas. He will be well-known to many clients and advisers already."
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From 1 March