New Model Adviser - For professional financial planners

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Fidelity hires RLAM's £2bn bond man

Citywire AA-rated Sajiv Vaid will work alongside Ian Spreadbury as a co-manager.

Fidelity hires RLAM's £2bn bond man

Fidelity Worldwide Investment has poached Royal London Asset Management bond manager Sajiv Vaid.

The Citywire AA-rated manager will join in August and work alongside Ian Spreadbury as co-manager of the £3.4 billion Fidelity MoneyBuilder Income and £472 million Fidelity Extra Income funds. Spreadbury will continue to be named as lead manager.

Vaid spent 15 years at Royal London, managing a number of bond funds, including the £769 million Royal London Corporate Bond fund.

RLAM has confirmed that its head of fixed income Jonathan Platt, who is co-manager on the Royal London Corporate Bond fund, will assume sole management of this fund and take over day-to-day management of Vaid's other portfolios.

In January, RLAM hired from Fidelity with multi-asset head Trevor Greetham joining after a nine-year stint with Fidelity.

Fidelity global chief investment officer of fixed income Andrew Wells said: 'Our fixed income team and franchise continues to go from strength to strength in terms of both performance and capability.

'The arrival of someone of Saj’s calibre is testament to this and a clear signal of how we will continue to develop our fixed income business by developing our own talent, and hiring the best from the market at the same time.'

RLAM chief investment officer Piers Hillier said: 'Sajiv Vaid is leaving to pursue a new role after 15 years at RLAM. We wish him all the best in his future career.'

He added: 'RLAM’s collegiate approach means that other managers and investment specialists are well-positioned to continue managing the portfolios affected.'

Share this story

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
More Content
7277.73 + 47 0.65% 04:35
More Content

Related Fund Managers

Sajiv Vaid
Sajiv Vaid
15/47 in Bonds - Sterling Strategic Bond (Performance over 3 years) Average Total Return: 14.36%
Ian Spreadbury
Ian Spreadbury
39/47 in Bonds - Sterling Strategic Bond (Performance over 3 years) Average Total Return: 8.75%
More Content

BUSINESS

Adviser Profile: Nicky Wright and Barry Greening of Clear Financial Advice

Adviser Profile: Nicky Wright and Barry Greening of Clear Financial Advice

Nicky Wright has helped Barry Greening overcome personal adversity to transform Clear Financial Advice into a firm that makes the most of its employees’ varied skills

ADVICE

22 Comments Active Wealth (UK) collapse leaves £500k PI mystery

Active Wealth (UK) collapse leaves £500k PI mystery

Our investigation into the collapse of a firm at the centre of the British Steel pension transfer scandal reveals significant holes in the professional indemnity insurance system

twitter_banner

INVESTMENT