Standard Life Investments has promoted a member of its global credit team following the resignation of European high yield head David Ennett.
Fraser Duff, who has focused on European high yield funds and worked with Mr Ennett since 2012, has replaced him as lead manager of the £452m Higher Income fund
Mr Duff, who has been with the company for five years and previously worked as an analyst at Lehman Brothers, also takes on Mr Ennett’s old roles as lead manager on the European High Yield Bond offering and co-manager of the Total Return Credit fund.
There will be no change to management style, philosophy or process within the team following the changes.
The fund house has not appointed a new head of European high yield.