M&G Investments has changed the responsibilities of some of its key bond managers.
The group has made Mike Riddell the manager on the £773.14m M&G Gilt and Fixed Interest Income fund and made its existing manager Jim Leaviss deputy.
Mr Leaviss, who manages the £837.05m M&G UK Inflation Linked Corporate Bond and £98.16m M&G European Inflation Linked Corporate Bond funds with Ben Lord will become deputy on the larger product.
This means he takes the lead control of European Inflation Linked Corporate Bond with Mr Lord as his deputy.
Mr Leaviss, who is head of the M&G retail fixed interest team, said: “Since 2009 we have more than doubled the size of our team, from eight to 18 members, reflecting the client demand for existing and new strategies.
“With the addition of extra resource and experience to the team it is now appropriate to make adjustments to fund responsibilities. We believe these changes will allow the team to become even more focussed on asset classes than ever before, enabling fund managers to play to their strengths.”
| Previous manager | Current manager | Deputy manager | |
| M&G Gilt and Fixed Interest Income fund | Jim Leaviss | Mike Riddell | Jim Leaviss |
| M&G UK Inflation Linked Corporate Bond fund | Ben Lord and Jim Leaviss | Ben Lord | Jim Leaviss |
| M&G European Inflation Linked Corporate Bond fund | Ben Lord and Jim Leaviss | Jim Leaviss | Ben Lord |
