Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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
8/15 in Bonds - UK Gilt (Performance over 3 years) Average Total Return: 16.27%
Gareth Isaac
Gareth Isaac
3/10 in Bonds - Global Inflation Linked (Performance over 1 year) Average Total Return: 11.20%
Tom Sartain
Tom Sartain
26/101 in Bonds - Global (Performance over 1 year) Average Total Return: 9.49%
Bob Jolly
Bob Jolly
21/23 in Alternative UCITS - Global Macro (Performance over 1 year) Average Total Return: -1.33%
Citywire TV
Citywire TV
Citywire TV
Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Play Europe bulls, a retail boost and why a little inequality can be a good thing

Europe bulls, a retail boost and why a little inequality can be a good thing

This week’s Investment Pulse looks at whether investors should be bullish on Europe, the surprise rise in UK retail sales and if a little inequality is a good thing.

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter