Columbia Threadneedle  

SJP hands £1.7bn mandate to Columbia Threadneedle

SJP hands £1.7bn mandate to Columbia Threadneedle

St James's Place has selected Columbia Threadneedle Investments to run a £1.7bn bond mandate for the business.

The mandate is to manage a new £1.7bn global investment grade credit line. It will be managed by Alasdair Ross, head of investment grade credit in EMEA, and Ryan Staszewski, a senior portfolio manager in the investment grade credit team.

Michaela Collet-Jackson, head of distribution for EMEA at Columbia Threadneedle Investments, said the firm was pleased to be able to grow its long-standing relationship with SJP further. It now manages more than £10bn for SJP.

“Alasdair Ross is an award winning portfolio manager, with a track record of delivering strong risk adjusted returns for clients through issuer and security selection and we are excited to manage the global investment grade credit allocations for St. James’s Place clients,” she said.

“We have seen an increase in demand for our credit capabilities, as investors recognise the benefits of a research-driven, active approach in finding opportunities in fixed income.

“We are looking forward to continuing to support St. James’s Place as they help their clients achieve their financial goals.”

Columbia Threadneedle currently manages a £7.9bn strategic managed mandate for SJP, as well as a £760m UK equity mandate.

Last month, the firm expanded its leadership team with three promotions following the acquisition of BMO Financial Group’s European asset management business.

sally.hickey@ft.com