Standard Life Investments has announced that it has been appointed by Swedish banking and insurance group Lnsfrskringar to manage a 230million (EUR) European Corporate Bond portfolio.
The assets will be managed within Standard Life Investments European Corporate Bond Fund SICAV. Craig MacDonald, Head of Investment Grade, Corporate Bonds, who has over 12 years experience in the asset class, will manage the bond.
Gustav Karner, Finance Director, Lnsfrskringar, said: We use the very best credit managers in the world. In Europe we have appointed four managers, of which Standard Life Investment is one.
Asa Norrie, Investment Director or Scandinavia, Standard Life Investments said, We are very pleased to have secured Lnsfrskringar as a client. This appointment comes after a rigorous selection process. It demonstrates the strength and reputation of our bond capability in the Nordic Region. Im looking forward to working with Lnsfrskringar and building upon this important relationship.