Schroders has appointed a deputy head of credit for Europe as the firm continues to grow its global credit capability in response to clients’ evolving investment needs.

Julien Houdain has assumed the newly-created role and will be based in London. He will report to Patrick Vogel, head of credit for Europe, and will work alongside Vogel and the credit team on Schroders’ credit strategy.

He joins from Legal & General Investment Management where he was most recently head of global bond strategies, having joined the asset manager in 2007.

In November, Schroders announced it had hired Saida Eggerstedt as head of sustainable credit, another newly-created role which entails working in partnership with Schroders’ Sustainability and Fixed Income teams.