Richard Boon is to take over the Merrill Lynch American fund following the departure of Peter Kaye t...
Richard Boon is to take over the Merrill Lynch American fund following the departure of Peter Kaye to Friends Ivory & Sime.
Boon, who recently joined Merrill Lynch Investment Managers as head of the US equity team in London, will report to Gary Lowe, co-head of equities in the EMEA region.
Boon will also work with Lowe as co-manager of the offshore MST North American and Global Equity funds.
According to Merrills, Lowe will continue to be closely involved in US stock selection as head of the global team. The funds will continue to be run using the same investment process. Boon, who is professionally qualified both as an accountant and lawyer, worked for six years as a sell side analyst in New Zealand, before joining Morgan Stanley Asset Management in London as a US equity specialist.
There he was a named fund manager responsible for two Luxembourg Sicav retail mutual funds investing in global equities.
Kaye, who was with Merrills for seven years, was lead manager on the £374m Merrill Lynch American unit trust, as well as manager on the offshore MST Global Equity and North American funds and the Mercury Offshore Selected Trust North American fund.
As reported in Investment Week, Friends Ivory & Sime has said no decision had yet been taken on which funds Kaye will run when he joins later this year. However, it said Kaye would be responsible for all its US portfolios and will review the management of each fund when he joins the group. Investment Week 23 July 2001
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