Investec Asset Management will re-align its global equities portfolios towards a sector investment ...
Investec Asset Management will re-align its global equities portfolios towards a sector investment style following the appointment of Nick Mottram as Head of Equities.
Mottram, formerly of Schroders, will work alongside fellow new appointment Paul Griffiths, reporting to George Brits, global head of equities. He will take over the running of two Guernsey-based global equities portfolios aimed at retail investors as well as a Dublin-based institutional global equity fund, run by Investec before the merger with Guinness Flight.
The umbrella contained a number of country funds as well as funds focused on industries such as technology, consumer stocks and financials.
All the funds in the umbrella, with the exception of the global technology fund, will be rolled together to form a global equity fund investing along sectoral lines with a thematic overlay.
Philip Saunders, marketing director at Investec Asset Management, said: "Many investment houses approach global asset allocation with a geographical stance but we believe that is clearly obsolete. Al-though the global equity fund Nick will run is institutional we are likely to pull it into our UCITS range at some point."
The global technology fund will be put into Investec's UCITS range. It will be run by John McNab who is based in Capte Town.
Investec has made a number of changes to its investment team in the wake of the merger. Besides Mottram and new head of fixed interest Paul Griffiths other new appointments include UK equity managers Michael Rimmer, Jeremy Rigg and Nigel Dutson, also from Schroders, and Alastair Mundy from Morley Fund Management.
Henrik du Toit, chief executive of Investec Asset Management, said: "Nick's appointment is the latest part in the unfolding story about Investec Asset Management and our determination to succeed in both retail and institutional markets. We are continuing to build a world class active investment management operation and Nick is a valuable and experienced addition to our team."
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