Legal & General Investment Management (LGIM) has appointed Omar Saeed as a senior portfolio manager within its global fixed income team.
Saeed joins LGIM from Zurich-based Swisscanto Asset Management, where he managed $1.5 billion (€1.3 billion) in high yield funds and absolute return portfolios. He was responsible for the development of the company's high yield business and subsequent international development.
Prior to Swisscanto, Saeed held positions at Western Asset Management, F&C Asset Management, Standard & Poor's and Habib Bank.
At LGIM, Saeed will actively manage over £120 billion (€162 billion) in fixed income mandates, and will report to Anton Eser, co-head of global fixed income at LGIM. His appointment is subject to regulatory approval.
A spokesperson from LGIM says that the new appointment is part of a wider process of expanding the business.
Anton Eser, co-head of global fixed income at LGIM, says Saeed's appointment will help the firm manage multi-strategy and absolute return credit products, and is part of ongoing growth plans.
LGIM had £676 billion in total assets under management, as at September 30, 2014.
©2015 funds europe