One of the UK's largest asset management houses has added to its fixed income portfolio team, recruiting from a Swiss house.

Legal & General Investment Management, the UK firm with £676 billion (around $1.03 trillion) assets under management at the end of September last year, has appointed Omar Saeed as a senior portfolio manager in its global fixed income team.

Saeed previously worked at Zurich-based Swisscanto Asset Management, where he managed $1.5 billion in high-yield funds and absolute return portfolios. At Swisscanto he was responsible for the development of the company’s high-yield business and subsequent international expansion.

Prior to Swisscanto, Saeed held positions at Western Asset Management, F&C Asset Management, Standard & Poor’s and Habib Bank.

At LGIM, Saeed will join a team of 70 fixed income professionals, actively managing in excess of £120 billion in fixed income mandates, and will report to Anton Eser, co-head of Global Fixed Income at LGIM. His appointment is subject to regulatory approval.