Smith & Williamson has hired Mark Pignatelli to run the European Growth Trust as the first stage in a plan to expand and push the group's profile in the retail fund market.
The European Growth Trust is currently outsourced to New Star where it is run on an institutional investment basis but S&W is bringing the fund back in-house and Pignatelli who joins the group on November 10 will take over the running of the fund from December 1. Nick Hodgson director and head of marketing and sales for the group said the appointment of Pignatelli to run the European mandate reflected the group's ambition to strengthen and promote its reputation for its boutique-style fund management capabilities and raise its profile in the retail market. "We have some great managers ...
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