Margaret Lawson (pictured), one of the co-founders of SVM, is retiring from the industry.
Lawson steps away from asset management and her role as lead manager of the SVM UK Growth Fund after a career spanning 33 years.
Prior to co-founding SVM in 1990 Lawson was an investment manager at FS Assurance, running its flagship UK fund, the FS Balanced Growth Fund.
Neil Veitch has assumed the role of lead fund manager on the SVM UK Growth Fund.
Veitch has managed the SVM UK Opportunities Fund since 2006 and he was appointed as alternate fund manager on the SVM UK Growth Fund alongside Lawson earlier this year.
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He has worked closely with her for the last 17 years as part of SVM’s UK equity team, sharing responsibilities and ideas.
Alex Hoctor-Duncan, CEO of parent company River and Mercantile, said: “Margaret carved out a name for herself over many years in the asset management industry and we want to thank her for her unstinting work and her devotion to the company.
“Margaret carefully planned her departure and she felt it was the right time to pass on her responsibilities as the company moves to a new phase in its growth, aligning SVM, Saracen Fund Managers and River and Mercantile under the one River and Mercantile banner.
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“Neil Veitch is the natural and obvious successor and he will now lead the fund with the support of the wider investment team. We wish Margaret all the best in her future endeavours.”
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