MFS Investment Management has appointed Richard Banks as assistant vice president, institutional sales and consultant relations, for its UK-based operations.
Banks joins MFS UK from Lombard Odier, where he spent 12 years. At Lombard Odier, his roles included spells as client relations manager, head of the performance measurement and client reporting team. He will work directly with Paul Price, MFS UK’s director of international marketing.
Speaking about his appointment, Price said: We are delighted that Richard has joined us. His client servicing skills and understanding of the international markets will be a great asset to our team.
Additionally, MFS recently won a $45m active US large cap mandate from the Massachusetts-based Cambridge Retirement System. Anne Leduc, executive director of the fund, said that MFS' contract will run for three years. Kevin Leonard, of Segal Advisors, is the fund’s consultant.
MFS was founded March 21, 1924 and created America's first mutual fund. The firm manages more than $154bn in assets on behalf of six million investors worldwide, as of January 31, 2001.
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