Schroders has announced that Andy Chorlton has been named as their new Head of Fixed Income, and after a decade, the previous incumbent, Philippe Lespinard, is stepping down from the role. This succession plan will take effect from 1st October and will be completed by the end of March 2021 upon Philippe's departure.

We believe the announcement does not meaningfully impact the investment process or teams of either of the Schroder fixed income funds in the Academy. We are therefore retaining our A ratings on both the Schroder Strategic Credit and the Schroder Sterling Corporate Bond funds.