UK - Credit Suisse Asset Management's head of UK fixed income, Ian Fishwick, has resigned just weeks before the arrival of new boss, Paul Griffiths from AXA.
Fishwick has held the role for six years and is responsible for more than £6bn (€9bn) in institutional money on behalf of more than 70 accounts.
At least one incoming client had not been made aware of the forthcoming departure this week. CSAM said that an exact date had not been agreed but would include a suitable handover period.
CSAM has a solid reputation and track record in UK debt. The company emphasised that although Fishwick was ultimately responsible for UK fixed income products, he was supported by a team of experienced fixed income managers and all decisions were therefore team-based.
One consultant echoed this view. "Last year against a headwind figures were not great but that was the case for most UK bond managers. Long term, the track record is impressive and [CSAM does] have a team culture."