Santander Asset Management, part of Spanish banking group Santander, has appointed former Schroder's bond manager Adam Cordery as global head of European fixed income.

Cordery will be responsible for Santander Asset Management's European fixed income and credit teams, overseeing over €13 billion ($19.9 billion) of assets under management. He joins Santander having previously worked at Schroders, where he was in charge of building portfolios and managing European fixed income funds in euros and sterling.

"Adam Cordery's appointment to our team will strengthen Santander Asset Management's capabilities in this asset class, with a special focus in the area of credit. Adam has proven experience, has delivered excellent results and will play a key role in building our company's international profile," said Dolores Ybarra, Santander Asset Management's global chief investment officer.

Santander Asset Management is present in 11 countries in Europe, Latin America and North America and has assets under management of over €153 billion.