Axa Investment Managers’ healthcare specialist Dani Saurymper is leaving the firm to launch a fund at Pacific Asset Management (PAM).
In a press release, PAM said Saurymper will join the firm’s London office in July with a fund expected to be lunched “in due course”.
Saurymper is portfolio manager for the Axa Framlington Longevity Economy and Axa Framlington Health funds, as well as research lead for health/ageing and lifestyle at Axa IM Framlington Equities.
Peter Hughes and Linden Thomson will become co-managers of the Health fund once Saurymper departs. In addition, Hughes will continue his portfolio manager role on the Longevity Economy fund with Thomson becoming interim co-manager.
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In a statement, Axa IM said both strategies will continue using the same ESG considerations and investment approach. The firm also has plans to add an additional experienced healthcare resource to the team.
Framlington Equities global head Mark Hargraves said: “We would like to thank Dani for his important contribution to Axa IM over the past six years, and we wish him all the best in his future endeavours.
“We have a well-established and highly experienced healthcare team who will continue to ensure we retain a strong platform to maintain the ongoing success and management of our healthcare strategies.”
Saurymper, who has 20 years’ experience in the healthcare sector, joined Axa IM in 2015 from Barclays Capital where he covered European healthcare as a senior equity research analyst.
Before that, he covered global healthcare at Nomura as a sector specialist and spent nine years as senior pharmaceutical analyst at Goldman Sachs, specialising in European pharmaceuticals.
PAM CEO Matthew Lamb said: “We have long recognised Dani’s talent and we are thrilled that he has decided to join our team. We have built from scratch a technologically advanced fund management business with a supportive framework which allows our fund managers to follow their conviction and invest where they see the greatest opportunity.”
Saurymper said: “I am excited to be joining the team at PAM who share my passion for investing in secular growth themes such as demographics and healthcare. Longevity is altering societies globally and is arguably this century’s greatest social, economic and political transformation. It will have significant implications for how we live and work and what we do once we retire.”
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