London-based asset manager Threadneedle has appointed Jim Cielinski as head of its fixed income desk. The appointment will be effective from October this year.

This hire follows the appointment of Legal & General Asset Management’s Mark Burgess to chief investment officer (more here).

Threadneedle said the appointment of Cielinski completes the hiring of the senior team.

Cielinski will lead Threadneedle’s fixed income team of 38 investment professionals who manage around £22.6 million ($34.6 million) of funds.

Cielinski has over 26 years experience in the investment management industry. He spent the last 12 years at Goldman Sachs Asset Management, most recently as managing director and head of global investment grade credit. Prior to this, Cielinski was head of fixed income at Utah Retirement Systems.

“Jim will play a crucial role in driving Threadneedle through to the next phase of its development as a manager of scale in fixed income,” said Sarah Arkle, Threadneedle’s chief investment officer.

“We are confident that he will lead the successful and rapid expansion of Threadneedle’s fixed income franchise by continuing to drive outperformance through Threadneedle’s approach of active debate and the sharing of investment ideas.”