Friends Ivory & Sime has recruited five managers to fill gaps in its UK mid and small-cap and pan-Eu...
Friends Ivory & Sime has recruited five managers to fill gaps in its UK mid and small-cap and pan-European large-cap teams.
The group, which has £37.4bn of assets under management, has taken on Martin Smith, Miles Bennett and Ian Wheatley in its pan-European large-cap equities team.
Debbie Clarke, head of equities at the group, said Smith, who joins from Robert Fleming Securities, and Wheatley, who joins from JP Morgan, would also serve as members of the UK portfolio construction team.
Bennett, who joins from BG Bank, will contribute to the continental European portfolio construction team.
Hilary Aldridge, who joins the group from Gerrard's ethical fund management team, and John Wong, who joins from PriceWaterhouseCoopers, where he worked in the global risk management team, have become members of the UK mid and smaller-cap team.
Aldridge will work as a fund manager alongside Ted Scott, director of Friends' ethical Stewardship funds. Wong will work as an analyst. All the managers have joined in the past month.
Julie Dent, head of global equities, remains in charge of Friends Ivory & Sime fund of funds offerings while the search goes on for a new lead manager following the departure of Bambos Hambi and Marcus Brookes to Rothschild Asset Management.
Clarke said: 'We are not looking to recruit a team, just one high quality individual, then assess the long-term needs of that business.
'Julie was part of that team and is the sensible person to continue the management of the funds while we are looking.'Investment Week 2 July 2001
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