Smith & Williamson appoints Charles Deptford to join UK equities funds team
Smith & Williamson Investment Management is delighted to announce the appointment of Charles Deptford as lead manager for its UK Equity Growth and UK Special Situations Trusts and to assist Rupert Fleming on the Enterprise Fund (a UK long/short offshore fund).
Charlie brings over 20 years' experience in fund management, most recently at New Star Asset Management where he managed their Equity Income Fund among others. This fund became one of New Star's best performing funds shortly after his arrival. Previous roles have included Head of UK Equities at Rothschild Asset Management and four years at Barings where he managed their Equity Income and Equity Growth funds, achieving strong performance. He will start at Smith & Williamson on 3rd June.
"I'm excited to be joining Smith & Williamson at a key time in its development. The firm has a boutique approach to fund management which is refreshing and I am also looking forward to supporting Rupert Fleming on the Smith & Williamson UK long/short capability. Although these are undoubtedly challenging times for markets, I am delighted to be joining a business that is clearly looking to grow itself into a leading boutique player," said Charlie.
Rupert Fleming, Director and lead manager of the Smith & Williamson Enterprise Fund, said "Charlie is particularly strong on portfolio construction and asset allocation, and has considerable experience of the UK equity market which will complement the existing team. Mark Swain and I are delighted that Charlie is joining the team and we are looking forward to continuing the excellent long-term track record of the Fund."
Nick Hodgson, director of Marketing & Sales at Smith & Williamson Investment Management said: "Charlie's appointment underlines our commitment to grow the funds business. He is well known in the retail funds industry and has a wide following amongst intermediaries which will help us to raise the profile of Smith & Williamson in the coming years."
For more information, contact:
Nick Hodgson on 0207 131 4630 or nick.hodgson@smith.williamson.co.uk
Alternatively, contact:
Kate Harrison, Press Office Smith & Williamson
on 020 7131 4228 or kate.harrison@smith.williamson.co.uk
Disclaimer
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.
Note to editors
Smith & Williamson is an independent professional and financial services group employing over 1,500 people that provides a broad range of services including investment management, financial advisory services, tax, restructuring and recovery, private banking and accountancy services to private clients, professional practices, companies and non-profit organisations.
The broad range of financial services provided by Smith & Williamson is split approximately equally between Investment Management and Tax & Business Services. Smith & Williamson Investment Management has about £7.9billion of assets under management and advice (as at 31/01/09).
Some of the firm's senior staff members are well established figures in the investment world. Among them are Lady Tana Focke (Smith & Williamson North American Trust), Jane Andrews (Smith & Williamson Far Eastern Trust), Chris Lynas (Smith & Williamson Fixed Interest Trust), James Burns (who runs a number of multi-manager funds), and David Hunter who has been managing several highly successful Bermuda-based funds since the early ‘80s.
The client base of Smith & Williamson Investment Management primarily includes private individuals, their family trusts, SIPPs (self invested personal pensions) and charities.
Smith & Williamson provides investment services from London, Belfast (Cunningham Coates), Dublin, Glasgow, Guildford, Bristol and Birmingham. Smith & Williamson's other offices are in Maidstone, Salisbury and Southampton.
Smith & Williamson Limited
Regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. A member of Nexia International, a worldwide network of independent accounting firms.
Smith & Williamson Investment Management
A trading name of NCL Investments Limited Member of the London Stock Exchange Authorised and regulated by the Financial Services Authority and of Smith & Williamson Investment Management Limited Authorised and regulated by the Financial Services Authority.
