Bramdean Asset Management , a multi-manager group, has appointed Veronique Botton to work in the manager research team. She will work alongside Michael Kinney and Faisal Rafi, and will be involved in all aspects of research and monitoring as well as becoming a member of the multi-manager investment committee. Prior to joining Bramdean, Botton worked for Northern Trust.
Credit Suisse European Frontiers fund is now available from Skandia's life, pension and fund supermarket platform. Managed by Elizabeth Eaton, the fund invests in European emerging market companies. It was launched in August 2000 and is currently ranked second in the Global Emerging Markets sector, according to Standard and Poor's.
Taylor Young Investment Management, the private client, pension and charities investment specialist, has hired Peter Thomson as chief investment officer. Prior to this, Thomson spent 18 years at Gerrard where he ran private client, trust and charity mandates. Philip Todd, the previous CIO, remains on the executive committee as a director and will continue to work with his investment management clients, as well as leading the charity side of the business.
Friends Provident International (FPI), the Isle of Man-based group, has added three funds - including the recently launched Martin Currie GF Global Resources fund - to its mirror fund range. The Global Resources fund has been introduced in response to demand from clients for both a concentrated and unconstrained long-only portfolio. Also added are the HSBC Amanah Global Equity index and Henderson Horizon Asia-Pacific Property Equities funds. All funds are under the FPIL brand.
Old Mutual Asset Managers (OMAM) has bolstered its UK sales team with the appointment of Kevin Bull, who is to join as head of third-party distribution. Bull comes from a similar role at Resolution Asset Management and has over 20 years experience of selling investment products.
Mark Mobius, manager of the Franklin Templeton Emerging Markets fund, said recent volatility experienced through the global equity markets, particularly in emerging markets, represents a healthy market correction, and one that is normal in bull markets that have run for so long. Currently, there are no strong signs of a global economic crisis.
Fidelity International has appointed Martha Lang as manager of the Fidelity China Focus Fund. Wang, who joined the group in mid-2005 as a China equity research analyst, is a 13-year veteran investor in the Chinese market. Working with KC Lee, who runs the overall portfolio construction and risk management side, Wang will be responsible for driving the positioning of funds, including stock selection and sector allocation. She replaces Patrick Lo, who managed the fund since its launch in 2003.
Barings Asset Management has appointed Kevin Lorkins as head of Sterling fixed income. Based in London, Lorkins will be responsible for setting strategy and developing the Sterling Fixed Income product area. Prior to Barings, he was head of fixed income at Morley Fund Management where he was responsible for £12bn of funds, including UK fixed and index-linked Government bonds and UK credit mandates. He will report to Marino Valensise, head of fixed income and currency.
Norwich Union has added a further 18 funds to its group and personal pension schemes. The new additions include funds from Barclays Global Investors (BGI), Gartmore, Schroders, Investec and Jupiter. Four Norwich Union's Manager of Manager offerings (Balanced, Cautious, Growth and Income) have also been included.
Scottish Equitable International has hired Helen McEwan as head of sales. She takes over the role from Chris Hudson, who becomes director of added value sales of life and pensions business. McEwan will head a specialist team supporting UK advisers in developing offshore opportunities for their clients. For the last six years she has managed the companies Glasgow branch. Hudson's new responsibilities will be to coordinate the future strategy for sales of life and pensions business within Scottish Equitable.
RealAdviser would like to publish a correction with regards to the "Collective Retirement Account boost Selestia's wrap range" story on page 6 of the May 2006 edition of the magazine. The manager of manager offering is actually run by US specialist SEI, not Scottish Equitable International as stated in the story.
Partner Insight: Continuing the Architas education series for clients.
What made financial headlines over the weekend?
290,000 already affected
Putting the tech into protection
Square Mile’s series of informal interviews