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Resolution recruits S&F chief for European team

Resolution Asset Management has completed its search for a third senior European equity team member having rec- ruited Singer & Friedlander head of European equities Ian Ormiston.

Ormiston joins European team head Adrian Darley and Jonathan Fearon, who arrived recently from Gartmore.

Tim Callaghan was origin-ally earmarked to head Resolution’s new European in-house team after resigning from Gartmore and signing a contract with Resolution along with his two former colleagues.

However, Gartmore chief executive Jeff Meyer pursu-aded Callaghan to remain with the group by offering him an improved equity stake in the business following the management buyout three months ago.

Ormiston will be joining Resolution in January in the role of investment director, European equities.

He will share responsibility for running the group’s core retail and institutional European equity portfolios with with Darley and Fearon.

The group’s high alpha funds, run by Argonaut Capital fund managers Barry Norris and Oliver Russ, will remain distinct from these funds.

Resolution sales and marketing director Jonathan Polin says: “This is our third senior appointment to the European team and it completes our current recruitment plans in this area.”

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