Change of manager for Standard Life Investments Higher Income fund
31st May 2016 – Standard Life Investments have announced Fraser Duff will replace David Ennett as lead manager on both the Higher Income and the European High Yield funds, effective immediately.
Fraser has worked on both funds with David since 2012 and has been an investment director with the credit team at Standard Life since 2011. In addition to maintaining his role as lead manager on the Standard Life Ignis High Income fund, Fraser will also replace David as a named manager on the Total Return Credit fund, joining the four-person management team.
Prior to joining Standard Life, Fraser was an analyst with Lehman Brothers, specialising in healthcare, pharmaceutical and chemicals sectors. He is a qualified chartered accountant and holds a PhD in HIV drug design.
David Ennett has resigned and will leave Standard Life Investments.
The Higher Income fund will retain its generic 'hold' rating.