M&G has handed the management of its International Sovereign Bond fund to Jim Leaviss as David Knee moves to another role within the group.
Leaviss, who is the head of retail fixed interest, takes over management of the fund with immediate effect. He joined M&G in 1997 and runs several funds including Global Macro Bond and High Yield Corporate Bond.
Knee is taking on a new position in another part of Prudential, its parent group.
Meanwhile, Leaviss will pass the M&G High Interest fund to Ben Lord on February 1. Lord joined the group last year as a portfolio manager within the retail fixed interest team. He will work closely with Leaviss on the fund in the weeks leading up to the handover.