Woolnough to replace Griffin at M&G

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M&G bond manager Anna Griffin, nee Lees-Jones, has left the group. Management of the £1.4bn M&G Corp...

M&G bond manager Anna Griffin, nee Lees-Jones, has left the group. Management of the £1.4bn M&G Corporate Bond fund will be handed over to Richard Woolnough. Woolnough, previously at Old Mutual, does not join M&G for 10 weeks and in the interim, the portfolio will be under the care of Jim Leaviss, M&G's head of fixed interest. Woolnough will also run the M&G Strategic Corporate Bond fund, which is to be launched for him in February. The fund will be a concentrated, more flexible bond portfolio, typically holding 60-80 stocks, less than half the number held in M&G Corporate Bond. It will h...