Newton Investment Management has appointed a lead manager on its £2.1bn Asian Income fund, ditching its previous team approach.
The asset manager has named Zoe Kan as lead manager of the fund, with head of emerging market and Asian equities Rob Marshall-Lee being named the alternate manager.
In May last year Newton combined its emerging market and Asian equity teams under Marshall-Lee, forming a team of seven investment professionals and 20 analysts.
At the time the Asian Income fund moved away from a lead manager approach to a team approach, with manager Jason Pidcock leaving the firm to join Jupiter Asset Management.
However, Newton says Kan has “taken the lead” on managing the fund day-to-day so will now take the lead manager role.
Fergus McCarthy, head of UK and Ireland intermediary distribution at parent company BNY Mellon Investment Management, says: “We recognise that advisers and their clients like to have a named manager on the funds they invest in. It is common across Newton’s fund range to have a named lead and alternate manager, and it is now the right time to confirm the lead and alternate manager on the Asian Income fund.”
Marshall-Lee says: “Zoe is a natural choice to lead the fund, given her significant experience on the fund itself and in Newton’s wider management of Asian equities.”
Kan has been at Newton for 15 years, having work on the Newton Asian Income fund since its launch.