St. James's Place Wealth Management hired Columbia Threadneedle Investments to manage a new £1.7 billion ($2.3 billion) allocation to global investment-grade credit, a spokeswoman confirmed.
St. James's Place has £143.8 billion in assets under management across retirement planning, investment management and private client strategies.
Columbia Threadneedle is an existing manager for St. James's Place, runing some of its assets since 2014. This includes a £7.9 billion strategic mandate as well as since July 2021 a £760 million U.K. equity allocation.
