UK - Jeremy Lodwick has been made joint UK chief investment officer at Morgan Stanley Investment Management, following Dominic Caldecott's decision to step back to focus on managing client money.
According to a source at Morgan Stanley, Caldecott’s decision stems from his desire to concentrate on fund management and not the daily administration work that accompanies his role as CIO. As a result, part of his duties will be taken over by Lodwick, the firm’s European growth strategy chief. Official titles will be designated at a later date, the source added.
Caldecott will now focus on running the US$25bn international value equity fund. Additionally, he will continue to oversee the emerging market and Tokyo based investment teams.
Commenting, Joseph McAlinden, the firm’s overall chief investment officer, said: Allowing Dominic to spend even more time managing the portfolio is part of our global strategy to provide our investors with focus, resources and technology to do what they do best – invest on behalf of our clients.
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