Scottish Widows Investment Partnership has hired BlackRock's Calum Smith to the newly-created role of head of global aggregate in its fixed income team.
Smith will be responsible for driving the strategy and performance of SWIP's global aggregate capability - encompassing strategies that combine government and corporate bond investing - to both retail and institutional investors.
Reporting to Graeme Caughey, the group's global head of rates, Smith will start his role on 22 October, heading a division that includes the likes of Guy Skinner, manager of the group's Global Bond Plus fund.
Smith spent 11 years at BlackRock, most recently as a director and senior fixed income strategist. His 17-year investment management career has also included roles at Aegon and Templeton Investment Management.
"[Smith] has an impressive understanding of the government and corporate debt markets and his experience will allow us to build on our capabilities in the global aggregate fixed income space," said Caughey.
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