New leadership in place
Pickard leaves in shake-up of top team at Martin Currie
John Pickard: played an important role
Martin Currie’s head of investment John Pickard is leaving the Edinburgh-based fund manager in a shake up of its top team.
The company has announced what it describes as “a new model of investment team leadership”, focused on the next stage of delivering the active equity specialist’s growth ambitions.
The investment executive will be chaired by chief executive Willie Watt who will continue to have accountability for oversight and monitoring of investment process and performance, based on Martin Currie’s existing governance model.
Oversight continues to be supported by Jeff Casson, head of investment process) and Paul Hughes, head of investment risk, trading and quant). Both are existing members of the investment executive.
In a statement the company said: “As part of this change John Pickard will leave the firm.
“John played an important role in the development of Martin Currie’s capabilities over the last eight years. During his tenure, a substantial number of process enhancements were implemented across the investment floor.
“These enhancements contributed to investment teams delivering strong performance across their range of strategies, particularly over the most recent three year period.
“As such, the firm is well positioned to enter its next growth phase. John leaves with Martin Currie’s best wishes.”
Mr Pickard joined Martin Currie from UBS Global Asset Management in Zurich, where he was managing director, European head of equities, and a member of the UBS Global Asset Management equity-management team. He was responsible for all equity capabilities based in Europe, managing around 80 people and £15 billion of assets.
The changes at Martin Currie follows four key strategic hires at the firm since the turn of the year, including the appointment of Zehrid Osmani, as head of the global long term unconstrained team, and Julian Ide as head of distribution and strategy.