Schroders has added to its energy capability with the hire of a co-fund manager for two of its funds focused on the area.
Mark Lacey will join the asset management house on 9 September from commodities trader Mercuria Global Energy Solutions and will work on John Coyle’s £397.6m Schroder ISF Global Energy and £39.8m Schroder ISF Small Cap Energy funds.
During his career, he has also worked at Investec Asset Management as a co-fund manager of Investec GSF Global Energy and Investec GSF Enhanced Global Energy funds and Goldman Sachs, where he was co-head of the energy team.
Lacey will report to Schroders global head of equities Peter Harrison and will work alongside the firm’s global and international equities team to provide specialist energy analysis and stock recommendations.
Harrison says: “I am delighted Mark is joining Schroders. He is a highly-rated energy manager with an excellent performance track record. He brings a combination of experience and talent to our energy franchise and his appointment expands our energy equity capability which I believe will be well received by clients. ”