Scottish Widows Investment Partnership's Daniel McKernan is to join Standard Life Investments as head of sterling investment grade credit.
McKernan (pictured), head of sterling investment grade credit at SWIP, will join SLI in the autumn and take over lead management of the £612m Corporate Bond fund and a number of large credit mandates.
The fund was previously managed by Andrew Sutherland, who will retire at the end of July.
At SWIP, McKernan was in charge of a range of fixed income mandates, including the £1.4bn Corporate Bond Plus fund and the European Corporate Bond fund, as well as investment grade credit research.
A spokesperson for SWIP said: "Daniel has a long notice period and will remain in the role throughout the summer.
"We will, therefore, use this time to review roles within the team and consider how his responsibilities will be managed in the future."
He joined the group in February 2011 after five years at BlackRock, where he was most recently director of fixed income and a senior credit portfolio manager. Prior to this he was head of credit at Aegon Asset Management.
‘Important to have an anchor’
Lack of innovation for solutions
Some 2,000 consumers affected
Achievements, charity work and other happy snippets