SWIP's investment director of aggregate bonds Sebastian Mackay has left the firm to pursue other opportunities in the industry.
He was responsible for the £61m SWIP Sterling Bond Plus fund, which will now be managed by Graeme Caughey, global head of rates, with Daniel McKernan, the head of UK and European credit, as deputy manager. Mackay also ran several institutional mandates. He left the firm last week and is now on gardening leave, the group said.
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