Miton Group Plc Fund Manager Appointment (2201N)
24 October 2016 - 5:00PM
UK Regulatory
TIDMMGR
RNS Number : 2201N
Miton Group Plc
24 October 2016
24 October 2016
Miton Group plc ('the Company' or 'Group')
FUND MANAGER APPOINTMENT
Jim Wright appointed to manage new fund
Miton Group plc, the AIM quoted fund management group, today
announces the appointment of Jim Wright to its investment team, as
Fund Manager. Subject to the appropriate FCA approvals, Miton
intends to launch a new fund specialising in global equity
infrastructure during the second quarter 2017 as part of the
Group's strategy to broaden its fund range.
Jim joins from the British Steel Pension Fund where he has a
strong and proven track record of sustained performance.
Jim Wright commented:
"I am excited to be joining Miton at this stage of the Group's
evolution and look forward to launching the new fund investing in
global infrastructure."
Ian Dighé, Chairman of Miton Group, commented:
"We are delighted that Jim is joining the Group as part of our
continued strategy to deliver differentiated funds that are
tailored to our clients' requirements. He brings with him extensive
experience and proven performance investing in global
infrastructure. We look forward to welcoming him in early
2017."
ASSETS UNDER MANAGEMENT ('AuM')
As at 14 October 2016 the Group's AuM was GBP2,829m (30 June
2016: GBP2,542m). The Group continues to be well financed with
GBP19.1m of cash on its balance sheet as at 30 September 2016 (30
June 2016: GBP17.4m).
- ENDS -
For further information, please contact:
Miton Group plc 020 3714 1500
Ian Dighé (Chairman)
Gervais Williams (Managing Director)
Peel Hunt (Nominated adviser and Broker) 020 7418 8893
Guy Wiehahn / Rishi Shah
www.mitongroup.com
Notes to Editors:
About Miton Group plc
Miton Group plc (referred to as the 'Company' or 'Group'), is an
equity and multi-asset fund management group. As at 14 October 2016
the Group managed GBP2,829 million of assets including eight OEICs,
two unit trusts and four investment trusts under the Miton
brand.
Jim Wright
Jim has 19 years' investment experience and currently manages
the Global Duration Equity Portfolio for the British Steel Pension
Fund. He has managed this Portfolio since its inception in October
2006, having joined the Fund in 2003 as a UK Equity Manager. Prior
to this he worked as Investment Manager, UK and European Equities
at Global Asset Management (GAM) from January 2002 to August 2003.
Jim started his career at Arthur Andersen & Co. Chartered
Accountants and has also worked at Hill Samuel Asset management,
Lehman Brothers and M&G investments.
This information is provided by RNS
The company news service from the London Stock Exchange
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