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People on the move – Investment

Multi-manager duo Gary Potter and Robert Burdett have joined Thames River with plans to launch a core range of five multi-manager funds on October 1. Potter and Burdett had been on six-month gardening leave following their departure from Credit Suisse.

PSigma has recruited former Credit Suisse manager James Abate to set up a large-cap US equity growth fund. Abate made his name on the Credit Suisse Transatlantic fund before moving to GAM, where he ran an American focus equity fund. He currently runs New York-based boutique Centre Asset Management and will run the fund from his US office.

BestInvest head of communications Justin Modray has left the firm after almost five years. Modray resigned two weeks ago, citing discontent with changes at the firm recently, and is now on gardening leave. BestInvest, which has £3.7bn in assets, has been under the microscope this year after founder John Spiers stepped back from the business, passing on the chief executive role to Andrew Barnes. Spiers has since sold the majority stake of the business to global private equity business 3i.

David Urch will join Fidelity‘s Scotland office after leaving Swip. Fidelity announced plans to open the office last year and is looking to recruit about15 fund managers and salespeople. Peter Cockburn has taken over Urch’s responsibilities for the Scottish Widows UK select growth and Swip UK opportunities funds.

Polar Capital Holdings has appointed Nick Evans as senior fund manager on the group’s technology fund. Evans had worked for Axa Framlington, where he was lead manager of both the Axa Framlington global tech fund and AWF Framlington global tech fund.

Skandia Investment Management has recruited Francois Zagame from Insight as head of UK equity research. Zagame and team will be responsible for selecting managers for the group’s £1.7bn UK equity portfolios.

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