Soci赩 G诩rale Asset Management has appointed Harinder Sandhu as head of UK equities following the recent departure of Hugh Sergeant.Sergeant and Sandhu joined SGAM together in July 2002, both arriving from UBS Global Asset Management. For the past four years, they have co-managed the SG UK All companies, UK Growth and UK Special Opportunities funds. At UBS, Sandhu worked for eight years as a director and head of specialist UK equities, running specialist pooled and segregated funds. Prior to that, he specialised in UK small and medium-sized companies. Sandhu, who will now lead the SGAM UK equities team, will continue to manage the high alpha and unconstrained strategies. Mikkel Bates, head of marketing at SGAM, says Sandhu was the obvious choice to take over from Sergeant. “He brings continuity”, Bates says. “He has worked with Hugh on equities for four years and has been instrumental in implementing our investment philosophy.” Bates insists there will be no major changes to the portfolios now that Sandhu has taken over. “It will be tweaked slightly, but that is all. There will be no wholesale changes,” he says.” Sergeant, who resigned earlier this month, has gone to River & Mercantile, along with another SG manager, Richard Staveley, who ran the 187.4m UK Smaller Companies fund. Other news at SGAM is the newly available India fund, managed by Nipa Ladiwala. The fund, which is a joint venture between SGAM and the State Bank of India, has achieved UK approval and is now officially available to UK investors. SGAM owns 37% of the venture and SBI owns the rest. The fund launched in Luxemburg in February and will be promoted in Britain as of this week. It will have a concentrated portfolio of 30-60 stocks. It will be heavy weighted towards larger companies, with some mid-caps but no small-caps. Ladiwala is head of portfolio management services at the State Bank of India. She has a post-graduate qualification in business management and law, as well as six years’ fund management experience.