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First State strengthens global equities team

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First State Investments (‘First State’) has appointed two new Sector Investors for its London-based Global Equities team. Julie Thomas and Ben Yeoh will specialise in financial and healthcare stocks respectively. Both have already started in their respective roles.

First State’s Global Equities team manages a number of institutional mandates as well as the First State Global Opportunities Fund which is rated AA by Standard & Poor’s. For the period since its launch in August 1999 to the end of November 2011, the fund produced first quartile performance, returning 130.3% compared to 34.9% for its peer group and 21.9% for the MSCI World Index.

Thomas, who has more than 18 years of experience in the fund management industry, joined First State from Oriel Securities, where she focused on banks, insurance and general financial institutions. Prior to that, she analysed European financials and also headed the banking sector team at Threadneedle Asset Management. Thomas also worked for the Abu Dhabi Investment Authority as a senior investment analyst in the pan-European equity team, Morley Asset Management as head of financial research, and Goldman Sachs Asset Management as a fund manager and analyst.

She holds a BSc (Hons) degree in Banking and International Finance from the City University of London and is an associate of the UK Society of Investment Professionals.

Yeoh joined First State from Atlantic Equities, where he was responsible for healthcare research with a focus on the US. Prior to this, he worked at Dresdner Kleinwort focusing on large and mid cap European healthcare companies, in the period when his team’s external ranking in the Thomson Reuters Extel Survey was upgraded from ninth to first. In a previous role with HSBC, Yeoh was also the number one rated Extel sell-side analyst for integrated sustainability research.

He holds a MA in Natural Science from Cambridge University. Yeoh studied and taught at Harvard University at postgraduate level, and was the recipient of several scholarships. He completed all three levels of the CFA program. 

Both new starters will report to Habib Subjally, Head of Global Equities at First State Investments.

‘‘We are very pleased to welcome to the team two talented and exceptionally experienced investment professionals,” says Subjally. “Julie and Ben will enable us to strengthen our capabilities in global equities, build on the strong investment performance we have achieved in this area and take advantage of market opportunities through stock selection.’

 

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