Sarasin & Partners has changed the management of the £332m EquiSar unit trusts and hired two fund managers to work on its equity funds, while one manager has departed.
Harry Talbot-Rice, head of global equities, will step down from managing the £187m Ireland-domiciled EquiSar sterling and dollar funds and the £145m UK Oeic global EquiSar funds.
Alex Hunter and Sarasin CIO Guy Monson will take over management of the funds. Monson was EquiStar’s founding fund manager, while Hunter worked as an analyst on the funds before becoming co-manager recently.
The move is part of Talbot-Rice’s efforts in “streamlining his responsibilities”.
Darryl Lucas, global equity income fund manager, has decided to leave the firm as part of the reshuffle.
Sarasin has also hired two fund managers for its equity division.
Simon Steele joins from CCLA, where he managed high-yield equities. He will work on the Global Dividend and Global Higher Dividend funds, working with the existing equity income team.
Neil Mitchell also joins the global equity team, who also joins from CCLA. Mitchell will work on Sarasin’s UK equity funds and other equity mandates.
Sarasin has also hired Alex Bibani as a global thematic analyst, joining from IFM Sydney where he was an analyst.