UK - Raj Shant is to quit his position at Credit Suisse Asset Management (CSAM) just months after receiving a promotion, and is set to join Mellon unit Newton.
Shant joins the firm as investment leader, European equities in March and will be based in London. In this role, he will be responsible for leading and co-ordinating the European equity team.
He reports to Jeff Munroe, Newton’s chief investment officer.
Last year, CSAM promoted Shant to director of Continental European equities where he took over from Patricia Maxwell-Arnot, covering both institutional and retail activities running over $3.5bn of assets.
Newton is the London-based UK asset management subsidiary of Pittsburgh-headquartered Mellon Financial Corporation with assets of more than £22bn. He joined the Credit Suisse Group in 1997 from Royal Insurance Asset Management where he oversaw European equity funds since 1994.
By Madhu Kalia
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