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Omam Bond Fund Manager Quits

Corporate bond fund deputy manager Rachid Semaoune has quit Old Mutual Asset Managers.

Corporate bond fund deputy manager Rachid Semaoune has quit Old Mutual Asset Managers (Omam), Financial Times reports. He is expected to join UBS Global Asset Management.

Semaoune joined Omam in early 2008. Stephen Snowden, who was previously lead manager of the corporate bond fund, recently quit Omam to rejoin Aegon Asset Management.

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