Rothschild Asset Management has appointed HSBC Asset Management's Gary Clarke as a senior European fund manager.
Clarke, 32, will join Rothschild in September and will have specific responsibility for the Five Arrows range of European funds. He will report to David Ballance, head of European equities. At HSBC, Clarke managed three European funds and prior to that worked for Prudential Portfolio Managers.
Rothschild has also announced that Jonathan Groom will be taking charge of the firm's Five Arrows UK Major Companies Fund. Gloom joined Rothschild's UK equity team in March from Morley Fund Management. He will report to Charles Deptford, head of UK equities.
Clarke and Groom's appointments are part of a restructuring of Rothschild's equities team. The reorganisation will be completed with the recall of Steven Wheeler, head of Japanese equity management. Wheeler will return to the UK as Rothschild's global core and large-cap equity investments are now managed in London.
Small-cap equity investments, management for Japanese clients, and local research will continue to be run from Tokyo, whilst Asia ex-Japan equities will continue to be run from Rothschild's Singapore office.
Mark Connolly, global head of institutional business at Rothschild, said: We believe that locating our investment teams in London will yield significant benefits to the enlarged team in terms of greater sector research coverage, shortening the decision making cycle and improving the efficiency of implementation.
By Geoffrey Ho
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