Aviva Investors has internally appointed portfolio manager Caroline Hedges to be head of credit.
She takes up the role following the promotion of Colin Purdie to chief investment officer covering liquid markets in June.
Hedges, who joined the firm in 2006, will lead teams across investment grade and high yield credit, emerging market debt, liquidity and securities finance.
As well as being the firm’s Sterling Liquidity Plus portfolio manager, Hedges was also head of liquidity and securities finance.
Purdie said Hedges has a “strong focus on commercialising our capabilities, rigorous focus on performance and ability to work effectively with the investment and sales teams”.
He added that Hedges had a clear strategy to take the credit business forward, based on performance, culture, process and ESG.
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