Abbey National Asset Management, which manages £5 billion in fixed-income, is looking to add a corporate bond manager to its fund management team in Glasgow, Scotland, according to a spokeswoman. This is the first step toward expanding the team, which could eventually branch out into high-yield and international bonds. The new hire is being made because corporate bonds are a becoming more important with the new pension accounting rule FRS 17 on the horizon. Abbey intends to intensify its marketing efforts on the corporate bond side for both retail and institutional clients. The new hire will report to Alan Wilde, head of the bond desk.
Abbey National To Add In Glasgow Office