Lombard Odier confirmed in a statement on November 4 that Kevin Corrigan, who joined from Goldman Sachs Asset Management in 2010, originally as head of credit, has left.
It follows an April restructure of the division, which saw its fundamental fixed-income, Swiss fixed-income and Asia fixed-income teams brought together under the watch of Lombard Odier veteran Yannik Zufferey. At the same time he was named chief investment officer of the firm’s Sfr16 billion fixed-income business.
Lombard Odier said that Corrigan has opted to leave with immediate effect following a period of transition with Zufferey, who joined the firm in 2004. During his time at the firm Corrigan had worked alongside Zufferey. Together they created and launched Lombard Odier’s range of fundamental strategies.
In 2012, Zufferey took control of the firm’s Swiss fixed-income business.
In the statement, Jan Straatman, investment chief, said: “The reorganisation of our fixed-income capabilities allows for closer collaboration of internal resources and gives us capacity to provide clients with greater investment coverage across the corporate, developed and emerging bond markets.
“Yannik Zufferey has extensive experience managing fixed income assets and teams and we are confident as CIO he will continue to successfully build the business.”
While at GSAM Corrigan had been a credit portfolio manager with responsibility for some European and global credit portfolios. On joining Lombard Odier, Corrigan became the firm’s first credit manager to be based in London since 2005, when the company shut down its London institutional asset management operation.
Lombard Odier said on November 2 that it had acquired a team of long/short equity fund managers that managed around $ 1 billion from Henderson Global Investors.