Henderson has promoted Ben Pakenham to the role of lead manager on the £151m Henderson Extra Monthly Income fund, replacing James Gledhill.
Pakenham, who joined the group following the acquisition of New Star in 2009, started in the investment industry in 2005 as a high yield analyst. John Pattullo, head of retail fixed income, says: "Ben is a valuable member of the team and given his contribution to the performance of the monthly income funds, I feel now is an opportune time for Ben to take lead management of the fund." Pakenham will continue to co-manage the Henderson High Yield Monthly Income and Fixed Interest Monthly Income funds alongside Gledhill.
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