Resolution Asset Management has completed its search for a third senior European equity team member by recruiting Singer and Friedlander head of European equity Ian Ormiston.
Ormiston joins European team head Adrian Darley and Jonathan Fearon who both arrived recently after resigning from Gartmore in the Summer.
Tim Callaghan was originally earmarked to head up Resolution’s new European in-house team after resigning from Gartmore and signing a contract with Resolution along with Darley and Fearon.
However Gartmore chief executive Jeff Meyer pursuaded Callaghan to remain with the group after offering him an improved equity stake in the business following its management buy out three months ago.
Ormiston will join Resolution next January in the position of investment director, European equities.
He will have with co-responsibility with Darley and Fearon for running the group’s core retail and institutional European equity portfolios although the portfolio will be distinct from the high Alpha funds run by European boutique managers Barry Norris and Oliver Russ at Argonaut Capital.
Resolution sales and marketing director Jonathan Polin says: “This is our third senior appointment to the European team and completes our current recruitment plans in this area.”