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Citywire rated bond manager quits Swip
by Robert St George on Oct 31, 2013 at 10:14
Mark Munro, a Citywire + rated bond manager and investment director for credit at Swip, has confirmed that he is to leave the firm on 8 November.
Munro managed the £1.5 billion Swip Corporate Bond Plus and £161 million Swip European Corporate Bond funds, both of which are top-quartile performers in their sectors over the past year. The former has returned 5.1% through the period and the latter 10.4%, compared with 3.9% and 8.1% for their respective indices.
After Munro’s departure, Roger Webb will take control of the Corporate Bond Plus fund while Luke Hickmore (pictured) will run the European Corporate Bond fund. Webb and Hickmore are presently co-managers of the £1.1 billion Swip Sterling Credit Advantage fund, which has also been a top-quartile performer over the past 12 months with a total return of 5.4%.
Munro’s exit follows that of Daniel McKernan, who recently quit as Swip’s head of UK and European credit to join Standard Life Investments.
Swip’s fixed income team currently runs more than £67 billion of assets under management.
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