Andy Chorlton has been named as the new Head of Fixed Income at Schroders, as the announcement the company made explained. This comes after Philippe Lespinard, the previous Head of Fixed Income, stepped down after a decade serving in this position.
Powerful Titles Changing Hands
The succession plan for this change of power will take effect on the 1st of October, 2020, and will see its completion by the end of March, 2021, when Philippe Lespinard will make his departure. Andy Chorlton will join the Schroders Group management committee, and will report directly to Schroder’s Global Head of Investment, Charles Prideaux.
Andy Chorlton had served as the Head of Multi-Sector and Fixed Income Solutions within the US prior to this promotion. He had spent the past 20 years specializing within the field of Fixed Income investment. It was back in 2013 when Chorlton had joined up with Schroders in its New York office. This occurred after Schroders had acquired STW Fixed Income within the US. Chorlton had returned to the UK back in August of 2019.
New York Now Managed By Lisa Hornby
Lisa Hornby stands as the Fixed Income Fund Manager, and will take over the responsibilities of Any Chorlton within New York. She will be promoted to the Head of US Multi-Sector Fixed Income, and will be supported by the long-standing team of Schroders. Alongside this, Julio Bonilla, Neil Sutherland, and Ryan Mostafa, experienced portfolio managers, will help Hornby in her actions.
Lisa Hornby will, however, continue to report to Andy Chorlton, but will now lead the New York team of Schroders.
The Mandatory Kind Words
In regard to this, Prideaux gave a statement about the matter at large. He explained that Chorlton would serve to build strength within the Fixed Income investment platform of Schroders. Prideaux highlighted how this platform involves alpha flagship strategies, as well as delivering investment research. This, Prideaux said, gets done alongside various investment solutions in order to meet the ever-complicated demands of investment.
Prideaux highlighted the experience Chorlton has in regards to fixed-income investment, and described him as a stand-out candidate to serve as a successor for Lespinard. As such, Prideaux stated that the company is convinced that Chorlton will prioritize client performance, as well as the growth of the platform at large.
Prideaux also thanks Lespinard for all the dedication and hard work he had done, highlighting his help in the establishment of a successful Fixed Income business.