Fund manager Friends Ivory & Sime has appointed Julie Dent as manager of its flagship British assets investment trust. She will take over the management of the fund from John Stubbs, 58, who is to retire after running the fund since June 1995.
Dent has been with Friends Ivory & Sime since 1986. Since 1998, she has been director of global equities and previously spent six years as head of Japanese equities.
The British assets trust is in the global growth and income trust sector. According to Association of Investment Trust Companies' figures, it is the best-performing trust in its league over one, three and five years to July 31, 2001.
Managing director of retail and institutional business development Peter Arthur says: “With over 15 years experience managing international equities on behalf of third-party clients, we are confident that Julie will ensure the assets are professionally managed and continue John's very good investment trust record.”