Invesco, the Anglo-US asset management firm, has hired a former Schroders fund manager to help lead the European expansion of its institutional fixed-income unit.

Gareth Isaac, who was co-manager of Schroders' £792 million Global Inflation Linked Bond fund amongst others, left the UK asset manager last summer. He has now re-emerged as chief investment officer for Europe for Invesco Fixed Income, the company said in a statement on January 5.