The departure of the pair from the Edinburgh-based firm was announced yesterday and Liontrust this morning told the stock market that they will launch Strategic Bond, High Yield Bond and Absolute Return Bond funds for them early next year.
Liontrust chief executive John Ions (pictured) said: ‘David Roberts and Phil Milburn will be an excellent addition to our existing seven fund management teams and we look forward to promoting them to our client base in the UK and Continental Europe. David and Phil are experienced fund managers, with a strong long-term track record of performance across a range of fixed income funds.
‘David and Phil's investment style means their funds provide diversification away from many of the other popular fixed income funds. Another attraction for us is the fact that David and Phil have a strong investor following, particularly among intermediary clients in the UK.’
He added: ‘The recruitment of David and Phil will not only expand our fund management capability but also strengthen further our fixed income proposition. Their investment style complements our sustainable fixed income team of Stuart Steven, Kenny Watson and Aitken Ross.’
Kames replaced Roberts and Milburn, who was head of fixed income investment strategy, with Stephen Snowden and Adrian Hull, who will co-run the team.
The Edinburgh-based firm also announced a broader reshuffle of its bond desk as Roberts' and Milburn's fund roles were reassigned among the team.