New Star head of fixed income James Gledhill will join Henderson Global Investors when the merger between the firms is completed, according to market reports. He will report to Henderson bond manager James Pattullo.
Gledhill, currently manages New Star's fixed income, high yield bond and extra high yield bond funds and prior to joining New Star in 2002, he worked at M&G Investments. New Star multi-managers Mark Harris and Craig Heron also last week announced that they will join Henderson once its proposed acquisition of New Star is completed.
Henderson announced at the end of January it would acquire New Star for £115 million ($167 million) in shares and cash. The deal, which is expected to be completed in April, will see Henderson/New Star become the fifth-largest asset manager in terms of retail assets.