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Changing fortunes

This week Credit Suisse appointed its third head of global equities inside two years as Kim Goodwin quit the firm to return to the US in a consultancy role.

Goodwin had been instrumental in turning around the performance of a fund firm that had seen the heartbeat of its asset management offering move for pastures new, leading to questions of a crisis at the firm.

Names that departed included Bill Mott, Leigh Harrison and the multi-manager duo of Gary Potter and Robert Burdett. All of whom would be high up on any advisers recommended investment list.

However, the group, led by Goodwin, has embarked on a strong talent drive that has the likes of Graham Ashby brought in to manage its flagship, but outflow ridden, income range.

Add to that the appointment of Aidan Kearney and Graham Duce to the multi-manager offering and from the fund manager perspective it seems that Credit Suisse is again moving forward rather than standing still.

Goodwin is to be replaced by Cesar Perez, who himself joined the firm from M&G Investments in June 2007. It is a position that Credit Suisse has struggled to hold down in recent years with Goodwin replacing Mark Burgess, who moved over to become head of asset management for the EMEA region, in October 2006.

Credit Suisse head of asset management EMEA Gary Withers says: “In approximately two years Kim Goodwin has made a strong contribution at Credit Suisse having overseen a turn-around of the Equities business.”

“She has brought significant additional talent into the business, instigated a strong functioning globally integrated multi-boutique approach, and overseen significant increases in performance across our equity fund range.
We are well positioned for future growth and we wish her the best.”

“Kim came here to build a first class team. She has done that. The next stage in the development of our equities business is being taken forward by the fund managers she was involved in recruiting.”

Meanwhile, Axa has also announced it is to call its new multi-manager investment firm Architas.

The firm is to launch in July with products rolled out gradually, with fund of funds in July, manager of managers in October and a hybrid offering the following year.

Chief executive Mike Kellard says: “We had a range of different names brought forward for this new firm but Architas is the one that received the best response internally. We also felt it fitted with the nature of the business by offering objective and guided architecture.”


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