Axa Framlington’s Henry Lowson has moved to Royal London Asset Management, replacing Victoria Stewart who has left the firm.
Stewart will step down from the firm after 17 years, with management of the RLAM UK Smaller Companies fund passing to Lowson.
Lowson will join as senior fund manager, moving to the company on 1st September. He will work with Derek Mitchell on the UK Mid Cap and UK Opportunity funds and also work on RLAM’s Alpha strategies.
Stewart is leaving the firm to “pursue new challenges”. She joined from United Friendly Asset Management when it was acquired by RLAM.
Lowson is currently fund manager on the Axa Framlington UK Smaller Companies fund, having joined the firm 11 years ago. In 2012 he was promoted to lead manager on the smaller companies fund.
Dan Harlow has been appointed lead manager on the the Axa Framlington UK Smaller Companies fund following Lowson’s departure, while Chris St John will continue as deputy manager.
Harlow worked on the UK smaller companies fund from 2010 before moving to manage the Axa Framlington American Growth fund in November 2011.
Harlow says: “I have become fascinated by meeting and investing in some of the worlds’ most innovative, dynamic and successful businesses and I believe the lessons, insights and experiences I have gained in the US market will be hugely valuable as I look to build on this fund’s excellent track record.”
Piers Hillier, chief investment officer at Royal London Asset Management, says: “It is sad to see Victoria leave after 17 years at RLAM. We would like to thank her for her considerable contribution and wish her well for the future.
“Henry is a natural fit and compliments RLAM’s UK equity team’s approach which is based on fundamental research and stock selection. I am confident that Henry’s skills will help us further develop our range of high conviction UK equity funds. He is joining RLAM’s equity team at a very exciting time.”
Over the past year the RLAM UK Smaller Companies fund has delivered a 3.02 per cent loss compared to the sector average return of 2.18 per cent.