Invesco Fixed Income:
Paul Causer and Paul Read, the co-Heads of Fixed Income at Invesco, are to step back from a number funds as part of wider succession planning. Read will stand down from the firm’s Monthly Income Plus, Distribution and Tactical Bond funds, but will retain the Global Income fund. Causer and Read will also hand over responsibility for the Merchants High Yield Trust to co-manager Rhys Davies, with support from Edward Craven; who becomes the deputy manager. Alexandra Ivanovna and Tom Hemmant will also be promoted to managers, with Asad Bhatti becoming the Head of Emerging Markets Fixed Income.
Schroders Real Estate:
Duncan Owen, the manager of the Schroders Real Estate Investment Trust (SREIT) since its launch in 2004, will step down as lead manager in December 2020 to be succeeded by co-manager Nick Montgomery. Owen will also relinquish his responsibility as the group’s Global Head of Real Estate at the same time, but will remain on the investment team, supporting Montgomery.