Aviva Investors has promoted Caroline Hedges to head of credit, following the promotion of Colin Purdie to chief investment officer for liquid markets in June.
Based in London, Hedges will lead teams across investment grade and high yield credit, emerging market debt, liquidity and securities finance.
She has worked for Aviva Investors since 2006, with her most recent role being global head of liquidity and securities finance.
Prior to this, Hedges held several positions at the company including global head of liquidity portfolio management from 2018 to 2021 and senior liquidity fund manager from 2006 to 2018.
Before her career with Aviva Investors, Hedges was client reporting analyst for Northern Trust Asset Management, investment accountant for BNY Mellon and share dealer for the Bank of New York.
Speaking on the announcement, Purdie comments: “Caroline has a strong focus on commercialising our capabilities, rigorous focus on performance and ability to work effectively with the investment and sales teams.
“She has a clear strategy to take the credit business forward, based on performance, culture, process, a well-defined approach to ESG and appreciation of the competitive environment.”
Mick Chadwick left Aviva in August, after 15 years as head of securities finance.
