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Liontrust consolidates fixed income teams in Edinburgh

by Piyasi Mitra
9 February 2026
Invesco announces four promotions in the UK team
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Asset manager Liontrust is bringing together its fixed income fund managers and analysts in Edinburgh into a single Liontrust Fixed Income team, effective from April 1, 2026.

The move brings the firm’s fixed income people, research and expertise into a single team of nine managers and analysts, covering categories from sustainable and investment-grade debt to high yield and government bonds across global markets and a range of risk and duration profiles.

Liontrust said the consolidated capability will support its existing fixed income client base, including the Sustainable Future (SF) managed range and its multi-asset funds and portfolios.

The SF Corporate Bond, SF Monthly Income Bond, and the fixed income components of the SF managed funds will continue to be managed to the same mandates, by the same-named fund managers, using the existing Sustainable Future investment process.

The firm’s Global Fixed Income funds — including the GF High Yield, GF Global Corporate Bond, GF Global Short Dated Corporate Bond and Strategic Bond funds — will also continue to operate under their current mandates and investment process, but will draw on the expanded team.

Phil Milburn will retire from the global fixed income team at the end of July for health reasons, with his responsibilities absorbed by the wider fixed income group.

John Ions, CEO, Liontrust, said: “Liontrust’s expanded fixed income capability will be of great benefit to our clients. The team will now be better able to leverage their expertise and research across the different fixed income asset classes and markets and expand the strategies we can offer.  We want to thank Phil for his significant contribution to Liontrust and wish him all the very best for a well-deserved retirement.”

 

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