Leaviss steps back from two funds in M&G reshuffle

M&G retail fixed income head Jim Leaviss has relinquished his lead manager role on two of his main portfolios as part of a reshuffle of the team.

Leaviss (pictured), who was lead manager on the group's £773m M&G Gilt & Fixed Interest Income fund, and co-lead on the £837m M&G UK Inflation Linked Corporate Bond fund, has now become deputy on both funds. Mike Riddell has become lead on the Gilt & Fixed Interest Income portfolio. Ben Lord, Leaviss' co-manager on UK Inflation Linked Corporate Bond, has now become sole manager of that fund. As part of those changes, Leaviss has also become lead manager on the group's £98m European Inflation Linked Corporate Bond fund, with co-manager Lord stepping back to become deputy. Leaviss, w...