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Martin currie recruits investec and aberdeen fund chiefs

Martin Currie is boosting its team with a new managing director from Investec and a fund manager from Aberdeen.

Investec joint managing director Andy Sowerby is joining Martin Currie as managing director at the end of April.

He will be responsible for marketing, distribution and product development across all three of the firm’s product channels – institutional, hedge funds and retail – reporting to chief executive Willie Watt.

Sowerby has worked for Investec since 2000. Before that, he was at Scottish Widows fund management responsible for mutual fund sales and marketing. David Aird remains at Investec as sole managing director.

Sowerby says: “I could not resist the opportunity to join Martin Currie. It is building up a strong product range and an outstanding reputation.”

Aberdeen fund manager Ross Watson is set to join at the end of March to strengthen Martin Currie’s UK income team, whose flagship client is the 345m securities trust of Scotland. At Aberdeen, Watson managed the Murray income trusts, Jersey Phoenix trust, Murray extra return investment trust and income and growth trust.

Martin Currie investment managing director Tim Hall says: “Ross is a proven portfolio manager who will enhance a strong team managing charity and income accounts which is a growing part of our business.”

Chelsea financial services managing director Darius McDermott says: “Martin Currie had strong performance recently which has not necessarily been reflected in their profile. These appointments should change that.”

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