Asset manager Schroders has recently announced that it has appointed Andy Chorlton as its Head of Fixed Income, with its longstanding current Head of Fixed Income, Philippe Lespinard, stepping down from the role.
After spending a decade as the Head of Fixed Income, Lespinard will step down from the role on 1st October 2020, with Chorlton taking over the reins. The succession plan will be completed by the end of March 2021.
In his new role, Chorlton will report to Charles Prideaux, Global Head of Investment, and he will join Schroders Group Management Committee, according to the company’s statement on Friday.
Andy Chorlton Joined Schroders in 2013
Chorlton has spent the past two decades specialising in fixed income investing. Most recently, he was the asset manager’s Head of US Multi-Sector & Fixed Income Solutions.
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Chorlton has been with Schroders since 2013 when he joined the firm’s New York office following the acquisition of STW Fixed Income in the United States, and he returned to the United Kingdom in August 2019.
Taking over Chorlton’s current role will be Lisa Hornby, who is based in New York. Hornby is the current Fixed Income Fund Manager and will take over Chorlton’s responsibilities as Head of US Multi-Sector Fixed Income.
Commenting on the changes, Charles Prideaux, Schroders’ Global Head of Investment, said in the statement: “Andy will build on the strength of Schroders Fixed Income investment platform, which delivers investment research and high alpha flagship strategies alongside investment solutions to meet clients’ increasingly complex investment needs. Andy’s fixed income investment experience meant he was the stand-out candidate to succeed Philippe and we are convinced he will continue to drive our focus on client performance as well as the growth of the platform.
“We would like to thank Philippe for all his hard work and dedication in helping to establish a successful Fixed Income business which now oversees more than £100 billion in assets. The business boasts a strong bench of investment talent and Schroders wishes him all the best for the future. These changes demonstrate Schroders’ commitment to career development and supporting its in-house expertise.”