Fidelity Worldwide Investment is expanding its fixed income investment team with the appointment of Sajiv Vaid.
Vaid will join Fidelity in August from Royal London Asset Management (RLAM), where he is currently co- and lead manager on three corporate bond funds with over £2 billion (€2.8 billion) in assets.
Prior to his 14 years as a senior fixed income fund manager at RLAM, Vaid worked for Fuji Bank, previously one of Japan’s major banks.
At Fidelity, Vaid will work alongside Ian Spreadbury as co-manager on the Fidelity MoneyBuilder Income and Fidelity Extra Income funds. Spreadbury will remain lead manager across both funds.
Fidelity Worldwide Investment manages or administers client assets of £175.9 billion, as of December 31, 2014, and the firm’s fixed income team has grown its assets from £12.8 billion to £49.6 billion over the past 10 years, as at March 31, 2015.
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