MONEY MANAGEMENT

Hermes appoints head of fixed income

Andrew Jackson was named head of fixed income at Hermes Investment Management, said a spokeswoman.

Mr. Jackson replaced Zoe Shaw, who left in 2016. Further details of her new role were not available. Mr. Jackson leads the credit and direct lending investment teams, and will focus on developing a multiasset-credit offering for pension funds and other long-term institutional investors. He reports to Eoin Murray, head of investment.

“(Mr. Jackson) has a credible, structured investment process and an excellent investment track record, making him a great fit with Hermes’ long-term, active investment style. His appointment underlines the commitment the business has to providing innovative fixed-income solutions to investors currently struggling with a world of low yields,” Mr. Murray said in a news release.

Mr. Jackson was chief investment officer, head of investment committee and senior member of the executive management committee at Cairn Capital. A spokesman for Cairn Capital was not available to comment by press time.

Hermes has £30.6 billion ($38.3 billion) in assets under management.