People Moves

Global Equity Income Man Exits Sarasin

Amisha Mehta Assistant Editor London 25 November 2015

Global Equity Income Man Exits Sarasin

The London-based asset management firm has announced some senior shuffles within its fund management team.

Global equity income fund manager Darryl Lucas is leaving Sarasin & Partners.

“Darryl Lucas, global equity income fund manager, has decided to leave the firm and the company wishes him well in his new role,” the firm said in a statement.

Lucas's departure follows Sarasin's recent appointment of Simon Steele and Neil Mitchell from CCLA as fund managers. Steele will take over as manager on the Sarasin Global Dividend Fund and Sarasin Global Higher Dividend Fund.

Mitchell will co-manage both segregated and pooled equity mandates, while helping with Sarasin’s UK equity funds. He will work alongside Jennifer Ramsey and Phil Collins.

In other movements, Alex Bibani, who was previously an analyst at IFM Sydney, joins the London team as a global thematic analyst. Meanwhile, Harry Talbot-Rice, the firm's head of global equities and manager of over £3 billion ($4.5 billion) in thematic global equity mandates, is streamlining his responsibilities. He will hand the reins of the EquiSar unit trusts for private client and retail investors to co-fund manager Alex Hunter and chief investment officer Guy Monson. 

Hunter, who has been part of Sarasin's global equity investment team for over eight years, and Monson, who is EquiSar’s founding fund manager, will manage the £187 million Irish-domiciled EquiSar sterling and dollar funds. They will also take charge of a further £145 million in the UK OEIC global EquiSar funds in due course.

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