The move is part of a careful succession plan, that has been “in train for several years” the firm said in an announcement, adding that the firm’s growth over the past five years has meant Chillingworth has had to increase the amount of time spent on his strategic role as CIO.
Management of the funds now fall to Alan Dobbie, who has worked alongside Chillingworth for 10 years and has been co-manager of the Blue Chip Income and Growth Fund since the beginning of 2012 and, on the Rathbone Recovery Fund to Alexandra Jackson and Jo Rands, who joined the fund on 10 June 2014.
Mike Webb, CEO of Rathbone Unit Trust Management, said: “These changes are part of a careful succession plan. Over the last five years, we have been investing in our fund management team. With the growth of the business, Julian will now focus on his CIO responsibilities, handing over the day-to-day running of the funds. There is no change to the investment philosophy or process of either fund.”
The firm also announced the promotion of a number of analysts.
Elizabeth Davis and David Harrison have been promoted to assistant fund manager within the Rathbone Income Team, with a specific focus on the Rathbone Income Fund, and David Coombs’ Rathbone Multi-Asset Portfolios (RMAPs) respectively.
Noelle Cazalis has become an assistant fund manager within the Fixed Income Team, assisting Bryn Jones on the Rathbone Ethical Bond Fund, and both Bryn Jones and David Coombs on the Rathbone Strategic Bond Fund and RMAPs, with direct bond selection, the firm said.
