Scottish Widows Investment Partnership, the asset management arm of Lloyds TSB, has won a £165m (€248m) mixed bond mandate from the approximately £1.1bn British American Tobacco UK Pension Fund.

The SWIP portfolio has a remit for investment in corporate bonds, UK gilts and overseas bonds.

Hugh Wheelan

Lloyds TSB

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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SWIP wins £165m BAT bond brief

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