SG Asset Management has made four members of its fund management team redundant including Jonathan ...
SG Asset Management has made four members of its fund management team redundant including Jonathan Greig, manager of the Japan Growth fund. Three other managers all on institutional portfolios have also left the group.
Meanwhile, Adrian Gosden, manager of the UK Income fund, has resigned to join Adrian Frost's team at Artemis.
John Ions, chief executive at SG Unit Trusts, said the redundancies follow a review of costs and resources in light of current market conditions.
'While Greig has done an excellent job in managing the Japan fund, our acquisition last year of TCW in the US provided us with a wealth of Japanese market expertise,' he said.
Greig's deputy on the fund for the past two years, Neiloy Ghosh, will become lead manager. Malcolm Murray, head of UK equity strategy, will take over from Gosden on the UK Income fund.
The changes coincide with Nicola Horlick's move from chief executive of SGAM to take up the role of adviser to Philippe Collas, head of SociÃ©tÃ© GÃ©nÃ©rale's global fund business.
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