Frikkee, who joined Smith & Williamson in July 2013 from BNY Mellon, is leaving the group to “pursue other opportunities” while Anderson is retiring.
Mark Swain, who is currently deputy manager on the £54m UK Equity Income fund, will take over lead duty. Prior to joining Smith & Williamson, Frikkee spent almost 15 years at BNY Mellon, running the Newton Income fund (formally called Newton Higher Income) for eight years between 2004 and 2012.
According to FE, the fund is currently ranked fourth quartile in the IA UK Equity Income sector over one and three years, with respective returns of 9.1% (versus 12% from the sector) and 20.3% (versus 24.7%).
Ian Kenny, head of fixed interest at Smith & Williamson and lead manager of the £391m Short-Dated Corporate Bond fund, has been appointed managed of the £44m Fixed Interest fund. He has worked at Smith & Williamson for his entire 21 year career.
Both manager changes are effective from 1 February.
“Mark Swain is an integral part of the team that has delivered long-term positive performance for our Enterprise fund and I am delighted that he will become lead manager on our UK Equity Income fund,” said Ed Rosengarten, head of funds at Smith & Williamson.
“I am also pleased to announce that Ian Kenny, a seasoned fixed income investor, will take on the management of our Fixed Interest fund. We wish Tineke and John all the best for the future.”
