Asset Management
Ignis Recruits LDI Expert From BlackRock

Ignis Asset Management has hired Jo Howley as a product
specialist for its liability-driven investment and fixed income
business - a
role in which she will work closely with the firm’s investment
professionals
and clients, as well as interacting with all distribution
channels.
Howley spent the last 15 years
at BlackRock, where she held fixed income and LDI product
specialist positions.
Her responsibilities included mandate oversight, consultant
liaison and client
relationship management.
Ignis currently manages
£30 billion (about $47.7 billion) of assets against
liabilities, primarily on behalf of its parent company, Phoenix
Group, and
associated life insurance clients. In terms of fixed income, the
firm manages some £55 billion in assets.
Already this month
the UK asset manager has hired Mark Julio as portfolio manager
for emerging markets
equities, recruiting him from Baring Asset Management. The firm
also took on Simon
Cowan as fund sales director, responsible for wealth manager and
discretionary
accounts in London.
At the end of August, Ignis logged a rise in
profits of £19 million ($30.2 billion) in the six months to 30
June, up by £1
million on the same period a year before, despite difficult
trading conditions.