Baillie Gifford, the Edinburgh based independent investment partnership, has appointed Gregory Turnbull Schwartz as a manager of its Multi Asset Income Fund.
He is head of Baillie Gifford’s Investment Grade Credit team. He has been closely involved with the Fund since its launch in 2018, managing its investment grade credit assets.
He joins existing managers Steven Hay, Head of Rates & Currencies, and James Dow, Co-Head of Global Income Growth, on the Fund.
His appointment follows the announcement that Gerald Smith will retire in April 2019.
The Baillie Gifford Multi Asset Income Fund aims to deliver an attractive level of income rising in line with inflation. It invests across a broad opportunity set including global equities, real assets such as property and infrastructure, and a full range of fixed income investments.
James Budden, director of Retail Marketing & Distribution, Baillie Gifford, said: “Gregory has been central to the investment team on the Baillie Gifford Multi Asset Income Fund from day one. This new role will see him assume greater responsibilities for decision making and overall portfolio construction, using his considerable knowledge and experience to benefit the senior investment team.”