Rathbone Investment Management has started a specialist unit, Greenbank, to service clients wanting to make ethical investments.
Chief executive Roy Morris says Rathbone's ethical investment business has grown to the extent that it has decided to establish Greenbank to further its commitment.
He says Greenbank will build on Rathbone's key strengths of independence and focus on client service and will enable them to be developed for a particular client base.
Investment director Elizabeth Haigh will head Greenbank, leading a team of eight. Haigh set up one of the first tailor-made services for ethical investors in 1992 and has since specialised in the sector.
The team will include two recruits. Mark Mansley, who has worked as an independent expert on sociably responsible investment since 1993, will head client communications and ethical investment strategy. Former director of Henderson's SRI team Kate Murphy will advise Greenbank on fund management with a focus on ethical investment for charities.
Haigh: “As a specialist unit managing only ethical portfolios, we believe that we will have a distinctive appeal to many ethical investors. With our in-house research capacity and ability to develop customised portfolios, we can offer the type of service that many are looking for.
“In creating Greenbank, Rathbone has given us an exciting opportunity in this growing business area.”