The Swiss bank's London-based fixed income boutique is replacing its CEO.

Twentyfour Asset Management is naming Ben Hayward its CEO, effective in January, the boutique's parent Vontobel said in an emailed statement on Wednesday. Hayward replaces Mark Holman (pictured below), who has run Twentyfour since it was founded in 2008.

20210915 24am mark holman 0038 a4 01

Hayward, like Holman, has been with Twentyfour since the beginning, most recently as portfolio manager of asset-backed securities. He will now hand over the ABS responsibility. Holman will be part of the boutique's multi-sector bond team. Twentyfour is also expanding its management to include Eoin Walsh and Sujan Nadarajah as partners.