US-based Russell Investments has switched the locations of two of its fixed income team members based in London and Seattle.

Albert Jalso, who joined Russell in 2007, relocates from the firm’s Seattle head office to London, taking with him portfolio management responsibilities for a number of global bond funds, Russell Investments said in a statement.

Meanwhile, previously London-based Gerard Fitzpatrick, who was in charge of the firm’s global bond funds, transfers to Seattle, where he will manage the RIC Strategic Bond Fund.

In his new role, Jalso will also be in charge of fixed income funds such as the RIC Global Bond and the OpenWorld Global Dynamic Bond vehicles.

“Global credit markets are shaping policy and impacting legislative decisions that will have broader implications for the world economy for years to come, and Europe is the epicenter of this activity,” Jalso said in a statement on his relocation to London.

Fitzpatrick was formerly responsible for the portfolio management of all global bond funds as well as Russell's single manager fixed income funds.

In August, the company added Jim Leggate as managing director for the Middle East region.