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Schroders' interest rate chief Scammell exits

Schroders' interest rate chief Scammell exits

David Scammell, head of UK and European interest rate strategies at Schroders, has left the firm.

Scammell, who joined Schroders in 2004, managed a raft of funds including the €1.40 billion (£1.2 billion) ISF Euro Liquidity fund and £320 million Gilt and Fixed Interest fund.

He also co-managed the €600 million ISF Global Inflation Linked Bond fund.

Schroders said it has evolved its fixed income investment desks into ‘a fully-integrated, team-based approach.’

As a result of Scammell leaving, it has reassigned his portfolios across the team, meaning his role no longer exists.

The Global Inflation Linked Bond fund will now be managed by Schroders’ global multi sector team, headed by Bob Jolly and Gareth Isaac.

The Euro Liquidity fund will be handed to Jamie Fairest as lead manager, with Thomas Sartain and Jolly as alternates.

Sartain will also managed the Gilt and Fixed Interest fund, with Isaac as alternate.

 

Karl Dasher, global head of fixed income, said: ‘Today our approach encompasses a globally integrated team of over 100 specialist analysts and portfolio managers in London, New York and Singapore.

‘By working together and researching ideas in local markets we believe we will be able to provide a performance advantage to our clients.’

Prior to Schroders, Scammell worked at the United Bank of Kuwait as a portfolio manager, which he joined in 1998.

He has also worked at the Central Bank of Finland, the Bank for International Settlements, as well as the Bank of England, accruing more than 15 years of investment experience.

On the Gilt and Fixed Interest fund, Scammell returned 20.1% over three years to 28 January, versus the benchmark’s 26%.

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