AXA Investment Managers has handed over management of its £130 million ($203 million) Sterling Corporate Bond Fund to Nick Hayes to allow Theo Zemek to concentrate on her managerial responsibilities as global head of fixed income and a member of the firm’s management board.

Hayes is also manager of the £45 million AXA Sterling Strategic Bond Fund, running it since joining the firm in the summer of last year. AXA Investment Managers is also reportedly to launch a global strategic bond fund for Hayes next year.

In other recent changes, at the start of this month AXA Investment Managers appointed Benjamin Rumary as investment sales manager for the Channel Islands, Ireland and the southwest of the UK. Rumary joined from LV= Asset Management, where he was investment sales manager for the south of England and London.