Premier Asset Management has appointed former Threadneedle equity manager Chris White to take on a trio of income funds previously managed by Bill Mott.
White will take on the management of the Premier income, alpha income and monthly income funds from early December. He was previously director of Threadneedle Asset Management and held responsibility for a number of income and growth products.
Mott took on the management of the Premier income funds in July last year after Premier announced a strategic tie-up with the former Credit Suisse income guru.
The move came after Premier purchased £850m of retail assets from Aberdeen, including the UK equity income range, this was following Aberdeen’s acquisition of the majority of the Credit Suisse Asset Management retail range.
Premier sales and marketing director Simon Weldon says: “It was always our intention to bring this range back in house at some point and we saw the opportunity with Chris White becoming available and felt this was the right appointment for the range. We would like to thank Bill Mott and the team at PSigma Asset Managemnet for their time on the funds.”