Individual

For people managing their own savings and investments.

Intermediary

For wealth managers and financial advisers managing savings and/or investments on behalf of someone else.

Institutional

For DC, DB and LGPS schemes, insurers, charities, universities, family offices and treasurers.

abrdn plc

For shareholders, careers and company information.

Change country site
Current share price:
  1. Home
  2. News & Media
  3. Press releases

abrdn announce promotions to Fixed Income team as Craig MacDonald pursues academic studies

06 September 2024

abrdn announce promotions to Fixed Income team as Craig MacDonald pursues academic studies

abrdn today announce a series of internal promotions in its Fixed Income team, reflecting the depth of talent and intentional approach to succession planning.

Jonathan Mondillo is now Global Head of Fixed Income and Marianne Zangerl is Deputy Global Head of Fixed Income and Head of ESG, Fixed Income.

Jon steps up from his role as Head of US Fixed Income, having overseen all public and private fixed income teams in the region. Marianne is currently Head of ESG, Fixed Income, with a background in private credit.  She will continue to manage client money and drive forward our sustainability strategy.

Felix Freund, Head of European Credit, takes on an expanded role as Head of Developed Market Credit.  As well as managing the Global Credit Team, he will continue to lead the European Credit team. Daniel McKernan takes on an expanded global role leading credit solutions for insurers as well as sterling credit, as Global Head of Fixed Income Insurance Solutions. The rest of abrdn’s Fixed Income leadership team remain unchanged.

These changes come as Craig MacDonald, Global Head of Fixed Income, pursues postgraduate studies in Philosophy after 22 years with the business.  Craig will work in the business as a Senior Adviser well into next year to ensure a smooth transition. 

Rene Buehlmann, CEO, abrdn Investments, says: “Our Fixed Income team has significant scale, and a strong track record of performance across credit, government bond and money market funds in both developed and emerging markets.  The very best talent in the market can often be home grown, and we are incredibly proud of our internal talent and leadership team, who have an average tenure of 17 years.

“Jonathan Mondillo brings the breadth and depth of experience that our clients have come to expect from this key leadership role, spanning Investment Grade Credit, High Yield Credit, Municipals, and US Private Placements. The creation of a dual role of Deputy Global Head of Fixed Income and Head of ESG, Fixed Income, highlights the importance, we believe, of assessing material risks and opportunities when investing to drive returns for our clients.”

Peter Branner, Chief Investment Officer, abrdn Investments, says: “After 22 years at the company and 28 years in financial services, we thank Craig for his commitment and dedication to helping build the strong Global Fixed Income business that we have today.

It is an incredible testament to Craig’s team building and talent management skills that we have been able to work on a carefully managed succession plan, which focuses on the development and retention of our in house, top industry talent.”

Jonathan Mondillo, Global Head of Fixed Income, abrdn Investments, says: “I am excited to lead a highly talented and successful team of experienced investment managers. I thank Craig for his guidance over the years and look forward to his wise counsel over the coming months as we transition the team.”

Ends

Media enquiries

Jemma Jackson

Head of Campaigns and Media, abrdn

Jemma.jackson@abrdn.com

07776 204 610

Rachel Cashmore

Senior Media Relations Manager, abrdn

Rachel.Cashmore@abrdn.com

0734 170 3358

Notes to editors

About abrdn

  • abrdn’s Fixed Income team has 140+ investment professionals globally and manages over £130bn, including private credit, for clients. abrdn Fixed Income is a leader in global credit, public and private and a specialist in emerging markets, sustainability and insurance. Investment performance is strong with 89%, 79% and 84% of AUM outperforming benchmark over 1, 3 and 5 years respectively as at 30 June 2024. The team conducts 500+ ESG engagements with issuers each year.  
  • abrdn is a global investment company that helps clients and customers plan, save and invest for the future. Our purpose is to enable our clients to be better investors.
  • abrdn manages and administers £505.9bn of assets for clients (as at 30 June 2024).
  • Our strategy is to deliver client-led growth. We are structured around three businesses – Investments, Adviser and Personal – focused on their changing needs.
  • The capabilities in our Investments business are built on the strength of our insight – generated from wide-ranging research, worldwide investment expertise and local market knowledge.
  • Our teams collaborate across regions, asset classes and specialisms, connecting diverse perspectives and working with clients to identify investment opportunities that suit their needs.
  • As at 30 June 2024, our Investments business manages £369.3bn on behalf of clients - including insurance companies, sovereign wealth funds, independent wealth managers, pension funds, platforms, banks and family offices.