UK discretionary fund manager Rowan Dartington has expanded its equity research team with four new hires, in a move to support the company’s growth following its acquisition last year by St James Place.
The DFM has hired the staff over the past 12 months. Former private equity research manager at Charterhouse Capital Partners’ Gary Sutherland now leads the team as head of equity research. Sutherland previously spent nine years at Goldman Sachs.
His team is responsible for researching stocks across the FTSE 100, FTSE 250, small cap and AIM markets.
The team has been boosted by three other appointments in the past 12 months, namely Jeremy Browne, Clemintine Dymond and Andrew Wace, who came from Fairfax, Whiteforrd Wealth Management and Axa Investment Managers respectively.
SJP acquired Bristol-based Rowan Dartington in July for £34m in order to establish an in-house discretionary fund manager and to attract more high-net-worth clients.
Rowan Dartington announced at the time it would be bulking up its then 100-strong workforce, with a focus on client facing staff.
Speaking on the appointments, Rowan Dartington’s executive chairman Graham Coxell says: “We expect AUM to increase very significantly over the next few years and further strengthening our UK equity research capability is a crucial part of our strategic growth plan and commitment to remaining whole of market.”
“We have supported Gary in building a really strong team around him and are looking forward to continuing to provide our clients and partners with great investment support, advice and returns,” he adds.
Rowan Dartington, established in 1990, is responsible for client assets in excess of £1.2bn and has a branch network across England and the Isle of Man.