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Santander hires Schroders bond manager

Santander hires Schroders bond manager

Divya Manek, formerly a bond manager at Schroders, has joined Santander Asset Management.

At Schroders, where she had worked since 2007, Manek focused on European and UK fixed income. She was co-manager with Alix Stewart of the £119 million Schroder Corporate Bond fund.

Next month this is due to merge with the £195 million Schroder UK Corporate Bond fund, which is also managed by Stewart.

Over the past year Schroder Corporate Bond has returned 7.4%, a top quartile performance in its Citywire Sterling Corporate Bond sector where the average fund has generated 5.4%.

At Santander, Manek will focus on European credit and work primarily on Santander’s three euro credit funds: Euro Corporate Short Term, Euro Corporate and Renta Fija Privada.

'I am delighted Divya has decided to join the firm. She is a strong addition to the recently created European fixed income team and I look forward to working with her,' commented Adam Cordery, global head of European fixed income at Santander.

Last year Santander hired David Scammell, former head of UK interest rate strategies at Schroders, to run the £357 million Santander Government Bond fund.

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