Schroders has hired Julien Houdain to run its recently launched Schroder ISF Global Credit Income Short Duration fund, it has announced.
Houdain joins Schroders as deputy head of credit for Europe, reporting to head of credit for Europe Patrick Vogel, from Legal & General Investment Management (LGIM).
As well as managing the new fund, Houdain will also work alongside Vogel and the credit team on Schroders' credit strategy.
Vogel said Houdain "has a great deal of experience in managing complex Global Credit strategies and identifying opportunities to deliver robust performance for clients".
He added: "Julien will complement our ability to manage risk across global credit markets in a dynamic way. This, combined with Julien's experience in quantitative investment techniques, adds to the considerable strength and depth of Schroders' credit capability."
Houdain joined LGIM in 2007, working in a variety of different roles, most recently head of global bond strategies. He ran the L&G Absolute Return Bond fund, having joined from Fortis Investments.
The newly created role is another step in Schroders plans to grow its global credit capability in response to its clients' evolving investment needs, the firm said. It follows November's hire of Saida Eggerstedt as head of sustainable credit.
Eggerstedt joined Schroders from German group Deka Investment, wqhere she had been head of corporates and financials. She will also report to Vogel, and work in partnership with Jessica Ground's sustainability team.
As at 30 June 2019, Schroders managed £78.1bn in fixed income strategies on behalf of its clients globally, which represents almost a fifth of its total assets under management, it added.