Insight Investment has recruited Mark Burgess from American Express Asset Management as its head of equities.
Burgess, who is expected to join Insight in March, was chief investment officer at AEAM. He has also worked as the London-based global chief investment officer for Colonial First State and held a number of senior fund management positions during his time at Bankers Trust in Australia. He will be responsible for equity investment research and management across all markets.
Chief investment officer Abdallah Nauphal says: “Mark is a talented investor and we are confident that he has the skills to further develop Insight's already strong investment and research teams. His focus on managing the teams and helping us to develop investment processes will be important contributors to our success as a provider of high-quality investment products.”
Monthly income fund manager Tim Rees is to take over Insight's equity high-income fund as current manager William Claxton-Smith is to focus on corporate governance. Rees had been deputy manager to Claxton-Smith – who plans to relinquish fund management altogether – for eight years.