Glendevon King Asset Management, the independent fixed income boutique, has announced that Richard Kendall has been appointed as CEO of the company, with immediate effect.

Kendall’s core responsibility as CEO will be to lead a fresh management team through GKAM’s next phase of growth, whilst overseeing and enhancing GKAM’s existing operations and business development strategies.

Following a recent review of the business, GKAM appointed a new leadership team in the last quarter of 2010, aimed at shifting the strategic direction of the business towards institutional investors, private banks, multi/single family offices and ultra high net worth individuals.

Kendall joined GKAM in February 2010 and was promoted to Director later in the year. Prior to joining GKAM, he spent 25 years as a solicitor in private practice, including 15 years as a partner of Ashurst LLP.

Kendall commented: “I’m thrilled to be appointed as CEO of Glendevon King Asset Management. It is a very exciting time for the business as we look to expand our operations and ultimately increase our assets under management. We have ambitious plans to make Glendevon King Asset Management the first port of call for investors looking to invest in fixed income to generate absolute returns.

“The new growth strategy will allow us to build on our excellent track record whilst capitalising on our comprehensive contact network and our extensive fixed income capabilities.”

Alastair King, Founder and Chairman of GKAM added: “Richard’s appointment as CEO is an important one for the Company as it will enable us to accelerate towards and through our next stage of growth. I’m very pleased with the highly experienced team leading the business, and expect Glendevon King Asset Management to grow from strength to strength with someone of Richard’s calibre at the helm.”