UK - Rod Davidson has been appointed as Scottish Widows Investment Partnership's new global head of fixed income, the company said today.

Davidson, who previously held the same title at Aberdeen Asset Management, will be responsible for expanding SWIP's fixed income offering, "with a focus on bond products, primarily for international markets," the company said.

It is an expanded role from that of SWIP's former head of fixed income, Alan Reid, who retired in July.

Based in Scotland, Davidson will report to Andrew November, the firm's chief investment officer for fixed income and property.

November commented that Davidson's appointment was important for the firm in its bid to "step up the development of our international business".

And he added that Davidson's "expertise puts us in a position to replicate in international bond markets the success we have enjoyed in the UK, where we have had a number of UK high performance bond mandates, under the stewardship of Stuart McMaster and David Millar".

British asset management firms have recently seen a number of high-profile moves.

SWIP is the asset management arm of Lloyds TSB and with more than £97bn of assets "one of the largest UK players in fund management," according to a spokeswoman for the firm.



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