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