Colonial First State Global Asset Management (CFSGAM) senior portfolio manager Chris Kourt has left the company's global fixed income team, after a restructuring of the business.
Kourt managed the firm's global sovereign bond portfolios and yield-curve strategies.
CFSGAM senior portfolio manager Annette Mullen and portfolio manager Guillaume Paillat will take over the day-to-day management of the global sovereign bond portfolios.
The restructuring is the result of a change in demand from clients, who make less use of traditional domestic and internal sovereign bond funds, CFSGAM said.
Instead, there had been more interest in other opportunities within the asset class, such as inflation-linked bonds, credit investments and emerging market debt.
The company has also hired Patricia Gacis as a credit analyst, reporting to CFSGAM head of credit research Sarah Percy-Dove.
Gacis, who joined on 5 March 2012, came from QBE Insurance, where she was an assistant portfolio manager.
