Trevor Green, the manager of the £65m Credit Suisse UK Growth fund is leaving to run Dresdner RCM Gl...
Trevor Green, the manager of the £65m Credit Suisse UK Growth fund is leaving to run Dresdner RCM Global Investors' £175m UK Growth and £93m UK Mid Cap portfolios.
The funds, respectively run by Justin Seager, now at Jupiter, and Derek Lygo, now at First State, are ranked 272 and 274 out of 285 in the UK All Companies sector over one year to 16 January but retain top quartile three-year numbers.
Green's task is to turn around recent underperformance, seen at Dresdner as a legacy of the stockpicking decisions made by the previous managers. He has been replaced on the Credit Suisse fund by Sun Life of Canada (SLC) manager Leigh Harrison who, since 1999, has run the £43.8m SLCAM Extra Income portfolio, which is ranked 24 out of 79 funds in the UK equity income sector for the three years to 16 January.
CSAM, which bought SLC Asset Management last year, is now well down the road to integrating the two businesses.
It has appointed Crispin Finn, manager of SLCAM UK Smaller since 1999, as manager of CSAM UK Smaller Companies, currently run by Bill Mott following the departure of Phillip Harris last year.
The SLCAM UK Smaller Companies fund is ranked eight out of 72 funds in the UK Smaller Companies sector for the the year to 16 January. Over that period and the three years to the same date, it has outperformed the CSAM UK Smaller Companies fund.
Harrison, Finn and Philip True are the only members of SLC's UK equity team to take jobs with CSAM. From its European team, Adam Holmes, manager of SLCAM European since 1995, is the only member to join CSAM. It seems likely that Alan Zlatar, who has moved from CSAM's Zurich operation where he was head of continental Europe, will take over management of the CSAM European fund following the departure of Raj Shant to Newton.
On the fixed interest desk Ian Fishwick, SLCAM head of bonds and managing director, becomes head of UK fixed interest at CSAM and is joined by fellow team member Francis True.
A question mark remains over the futures of some members of the SLC fixed interest team including Ian Entwisle, manager of SLC Corporate Bond & Gilt Fund, and Anthony Hart, as well as members of SLC's Far East, Asia and Japan teams.
Of SLC's original sales team of six only two members have joined CSAM. Carl Wilmore heads up nationals and networks while Matthew Finch is charged with keeping in touch with former Sun Life of Canada direct salesforce members who have become intermediaries.
Sales director Simon Gordon, Jonathan Rehbein, who covered London, Graeme Atkinson who was responsible for North of England, and Caroline Carroll on the broker support desk have left.
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