SLI poaches SWIP credit head McKernan

Scottish Widows Investment Partnership's Daniel McKernan is to join Standard Life Investments as head of sterling investment grade credit.

McKernan (pictured), head of UK and European credit at SWIP, will join SLI in the autumn and take over lead management of the £612m Corporate Bond fund and a number of large credit mandates. The fund was previously managed by Andrew Sutherland, who will retire at the end of July. At SWIP, McKernan was in charge of a range of fixed income mandates, including the £1.4bn Corporate Bond Plus fund and the European Corporate Bond fund, as well as investment grade credit research. A spokesperson for SWIP said: "Daniel has a long notice period and will remain in the role throughout the sum...