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BlackRock corporate bond manager Shuttleworth resigns

BlackRock’s Paul Shuttleworth, head of sterling portfolios and manager of the Corporate Bond fund, has resigned after 11 years at the firm.

Shuttleworth’s role as head of sterling portfolios will be taken on by Ian Winship, who is also manager of the recently launched Absolute Return Bond fund.

Simon Blundell will become manager of the Corporate Bond fund. Blundell joined BlackRock from Aviva Investors last month, where he was head of institutional credit portfolio management.

Shuttleworth managed the Corporate Bond fund from August 2004 until April 2007.

The fund’s management was then passed on to Daniel McKernan, but Shuttleworth resumed control after McKernan left for Scottish Widows Investment Partnership in 2010.

Winship will also oversee Blundell's management of the Corporate Bond fund.

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