Sarasin and Partners, the £21bn discretionary wealth management firm, has confirmed that its long serving chief investment officer Guy Monson is stepping back, to be replaced jointly by the firm’s head of global equities and head of multi-asset.
Monson has been chief investment officer at the business since 2008, and worked there since 1984.
A statement from the company this morning confirmed that he will move to a new, more client facing role as chief market strategist.
He will continue to manage the Sarasin Target Return Strategy at the firm.
Monson is being replaced as chief investment officer by both Jerry Thomas, who was previously Sarasin’s head of global equities, and Phil Collins, head of multi-asset.
Prior to that role, Thomas worked at Allianz, on mandates including the Brunner investment trust and also held the title of chief investment officer for UK equities at that business.
Before joining Sarasin in 2004, he was chief investment officer for private clients and charities at Newton Investment Management.
Commenting on the changes, Monsoon said: “The promotion of Jerry and Phil to their respective CIO roles is an important step and having worked with them both for many years, I wish them every success.
“I look forward to having additional time to help formulate Sarasin & Partners’ outlook for markets, across both existing assets and future opportunities. Providing our clients with unusually high levels of service and transparency has always been a priority for Sarasin & Partners, and I am particularly excited by the opportunity this will give me to articulate our strategy and thinking.”
Sarasin’s Aum of £21bn represents a 21 per cent increase over the past year.