Fixed Income  

OMGI poaches Invesco duo for Global Stategic Bond fund

OMGI poaches Invesco duo for Global Stategic Bond fund

Old Mutual Global Investors (OMGI) has poached Mark Nash and Nick Wall from Invesco as it expands its fixed income team.

Mr Nash will join as head of global bonds, previously head of global multi-sector portfolio management at Invesco, and will report to OMGI’s head of fixed income Christine Johnson.

He will take over £237m Old Mutual Global Strategic Bond, previously managed by Stewart Cowley.

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Mr Cowley left OMGI in April last year, with the fund being managed by Ms Johnson and head of emerging market debt John Peta in the interim.

Mr Wall joins OMGI as portfolio manager from his previous role as fund manager in the global macro team at Invesco, where he had worked since 2006.

The two hires are the latest hires in OMGI’s effort to expand its fixed income team, the firm said, combined with Mr Peta joined in March 2015 and the promotion of Tim Barker to head of credit in December 2015.

Ms Johnson said: “Mark’s appointment further strengthens our team approach that recognises just how interconnected markets have become.

“Economic linkages have arisen between the developed and emerging markets, the actions of central banks have profoundly affected the credit markets, and as a result, the return profiles of different fixed income assets have shifted markedly.

“Mark and Nick bring with them a vast amount of knowledge and experience and are extremely well thought of in the industry.”