Sarasin & Partners has appointed new Fund Managers, Simon Steele and Neil Mitchell, who will join the firm in early November.
The pair will manage a combination of segregated and pooled equity mandates and will report to David Allen, Head of Asset Management.
Steele has some 20 years’ experience of managing UK and Global equity portfolios across a range of market capitalisation bands. Since June 2010, he has been an Investment Director at CCLA, where he was the Fund Manager in charge of global equity selection for the COIF and CBF multi asset Common Investment Funds, (with a GBP2bn allocation to equities) and the specialist GBP57m CBF CoE UK Equity Fund and GBP120m Global Equity Income Fund. Prior to joining CCLA, Steele worked at Adam & Co.
Mitchell has over seven years’ investment experience, most recently as a Global Equity Manager at CCLA. Since November 2010, he has been one of three fund managers working on a range of UK and Global equity portfolios and was a member of CCLA’s Investment Committee tasked with asset allocation decisions as well as equity specific sector and geography allocation decisions. Mitchell and Simon first worked together at Adam & Co in 2008.
Sam Jeffries (pictured), Partner at Sarasin & Partners, says: “We have been aware of Simon and Neil’s track record for several years and are delighted that they have chosen to join Sarasin & Partners. They have significant experience of managing higher yielding equity portfolios and will bring a wealth of experience to our highly collegiate and long-established investment team. Simon will work as Co-Manager of our Global Equity Income mandates with Darryl Lucas; while Neil will work as Co-Manager on our UK mandates with Jennifer Ramsey and Phil Collins. We have high hopes that they will help us maintain our strong performance record and further broaden the appeal of our funds to a wider range of investors.”
Guy Monson, Senior Partner at Sarasin & Partners, says: “I am delighted that Simon and Neil have decided to join Sarasin & Partners: they are clearly very experienced and have produced strong outperformance as part of a team working at CCLA. Our equity income and multi asset offerings have proved popular with a wide range of investors and these hires provide further proof of our commitment to these mandates. Simon and Neil join us at a particularly interesting time for investment markets given the current turbulence and I know they will prosper in the collegiate and entrepreneurial atmosphere of our Partnership.”
he competitive field of multi-asset management. I am delighted to be a part of this team and join a Group with a strong investment culture and a human dimension."