Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

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%.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

David Scammell
David Scammell
7/13 in Bonds - UK Gilt (Performance over 3 years) Average Total Return: 8.01%
Gareth Isaac
Gareth Isaac
43/74 in Bonds - Global (Performance over 3 years) Average Total Return: 4.36%
Tom Sartain
Tom Sartain
28/115 in Bonds - Global (Performance over 1 year) Average Total Return: 1.05%
Bob Jolly
Bob Jolly
16/17 in Alternative UCITS - Global Macro (Performance over 3 years) Average Total Return: -3.81%
Citywire TV
Play Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Your Business: Cover Star Club

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

In a buyers’ market for off-the-peg discretionary management, self-funded start-ups begin at an inherent disadvantage

Wealth Manager on Twitter