Keiran Gallagher swaps Newton for Legg Mason

Newton's Standard & Poor's AA-rated European fund manager Keiran Gallagher has left to join Legg Mason Investors as head of European equities and chief investment officer. Legg Mason has refused to say whether he will take over management of the £11m Legg Mason European growth fund currently managed by Jeremy Knight. It does not expect to have Gallagher on board until early next year. Newton is refusing to comment on Gallagher's defection and maintains he will remain for the time being at the head of the fund. Gallagher joined Newton in 1993 and was head of European equities ...