Schroders’ credit strategy boss Adam Cordery leaves
Fixed income manager leaving business after eight years.
Schroders’ £160.4m Corporate Bond fund manager Adam Cordery has left the company.
Mr Cordery, who is head of European & UK credit strategies at the firm, also ran its £227.9m Monthly High Income fund. He joined Schroders in 2004.
The group has hired Patrick Vogel to take on the newly created role of head of European and UK credit management and research, reporting to Karl Dasher, global head of fixed income.
Mr Vogel, who joins on August 27 from Legal & General where he was head of European credit portfolio management, will oversee Schroders’ London-based credit portfolio management and research function and will serve as lead portfolio manager for the Schroder ISF European Corporate Bond fund.
The hire follows the recent appointments of Alix Stewart and Konstantin Leidman from UBS Global Asset Management to Schroders’ credit team.
Mr Cordery has left Schroders to pursue other opportunities, the group said.
Prior to joining the firm, Mr Cordery worked for Invesco from 2000-2004 latterly as its head of European high yield.
He was also previously the manager of the Invesco Extra Income Bond fund.