September 20, 2019 / News

Schroders builds sustainable credit ranks

By Joe McGrath, ESG Clarity

The new head of sustainable credit will report to Patrick Vogel

Schroders builds sustainable credit ranks

Schroders has continued to expand the number of specialist sustainability investment personnel with the appointment of a head of sustainable credit.

Deka Investment’s head of corporates (financials) Saida Eggerstedt is joining the company, bringing with her more than a decade of experience in managing sustainable credit strategies.

In her new role at Schroders, she will report to Patrick Vogel, head of credit in Europe. Working as a sustainable credit fund manager, she will work in partnership with the fund group’s sustainability team which is led by global head of stewardship Jessica Ground.

“Saida is an experienced and accomplished investor in sustainable credit,” said Patrick Vogel, Head of European Credit.

“She will further enhance the strength of the team by providing a specialist sustainable investment lens, and also as an architect in our range of sustainable credit strategies.”

Before her work at Deka Investments, Saida Eggerstedt managed credit portfolios, including sustainable strategies at Standard Life Investments and was previously head of High Yield at Union Investment.

“Saida’s arrival will ensure Schroders’ ability to deliver the very best in ESG credit investment solutions for clients is further bolstered,” Ground said in a statement.

“We have been integrating ESG into our investment processes for 20 years, viewing it as an essential to securing long-term, sustainable returns in a continually changing investment environment for our clients.”

The fund group manages some £78 billion in fixed income strategies on behalf of its clients globally, representing almost a fifth of the firm’s total assets under management.