Harinder Sandhu has been promoted at investment house Phillips & Drew to become responsible for UK specialist equities.
The move follows the departure of Robert Waugh, who left P&D to join Edinburgh Fund Managers as director of UK large-cap equities.
Sandhu will join a team of four and report to head of UK equities, Hugh Sergeant.
His role will include stock selection, outperforming for diversified, specialist and concentrated products, as well as specialist business development. He will manage about £1.5bn of the £2.5bn specialist assets. Latterly, Sandhu - who has been at P&D since 1993 - worked as director of UK large cap stock selection.
The position takes effect immediately.
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