M&G has appointed James Tomlins as co-manager of its £1.3bn High Yield Corporate Bond fund with immediate effect.
Working alongside existing manager Stefan Isaacs (pictured), Tomlins' promotion reflects the latest step up for a manager who began running M&G's £123m European High Yield Bond fund in December 2011.
Jim Leaviss, M&G head of retail fixed interest, said the addition of Tomlins was necessitated by the evolution of Isaacs' portfolio.
"The M&G High Yield Corporate Bond fund has evolved into a global proposition, requiring greater investment resource to cover the larger investable universe," he said.
"James will largely be responsible for bottom-up stock selection, while Stefan will largely be responsible for duration strategy and regional asset allocation.”
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