The former head of UK retail business at SGAM will now run the British retail business for the American-listed company. Along with Andrew Thatcher, who has worked for GLG since 2006, Phillips will be responsible for developing the overall strategy for this part of the business, including sales and marketing, client servicing, and product offerings.
Thatcher will retain responsibility for the ongoing distribution of GLG’s hedge fund products in Britain.
The duos first move will be to make several of GLGs existing funds available to the retail space, including UK Alpha Select and UK Select Equity, managed by John White and Jason Mackay. UK Select Equity is an unconstrained long-only equity fund, while UK Alpha Select is a long/short absolute return fund with $1 billion (620m) under management.
These funds will sit in the range alongside former SGAM vehicles, including Japan CoreAlpha, run by Stephen Harker and Neil Edwards, and the CorePlus and Total Return Bond funds, run by Gareth Isaac and Lorenzo Gollenga.