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LGIM hires Reeves to replace North on High Income trust
Markets
by Emma Dunkley on Aug 26, 2011 at 10:43
Legal & General Investment Management has hired AllianceBernstein’s Martin Reeves to replace David North on the £2 billion High Income trust.
Reeves, who was previously director of global fixed income at AllianceBernstein, will join LGIM next month and will also take on the role of head of high yield.
North, who was head of high yield and head of asset allocation at LGIM, has been on extended sick leave since earlier in the year.
On return, he will relinquish his role as head of high yield and will instead focus on his position as head of asset allocation.
North is also manager of the £528 million Diversified Absolute Return trust, which is being run by deputy manager Ben Gill in the interim.
Claire McGuckin, meanwhile, took on responsibility on the High Income trust, which she will hand over to Reeves.
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