Threadneedle Asset Management, a British subsidiary of US-based Ameriprise Financial, has appointed Jim Cielinski as head of its fixed income desk.

With over 26 years experience in the investment management industry, Mr Cielinski has spent the last 12 years at Goldman Sachs Asset Management (GSAM), most recently serving as managing director and head of global investment grade credit.

Prior to GSAM, Mr Cielinski was head of fixed income at Utah Retirement Systems and held positions at both Brown Brothers Harriman & Co and First Security Investment Management.

Sarah Arkle, chief investment officer at Threadneedle, said: “I am very excited that Jim is joining Threadneedle as head of fixed income; his appointment along with that of Mark Burgess, announced earlier this week, demonstrates our ability to attract strong talent.

“I am confident that the complementary skills of these two new hires, along with those of Leigh Harrison, head of equities, will position the Threadneedle investment team well for the future. Jim will play a crucial role in driving Threadneedle through to the next phase of its development as a manager of scale in fixed income.”