Threadneedle has named Ann Steele as manager of its £102m pan European fund following the departure of Rob Jones, who is heading to Union Bancaire Privée.
Steele joined the group in 2009 from Pictet where she was head of European equities.
The group has also confirmed that Dan Ison, head of the pan European equities team, has taken over the other two funds that were managed by Jones.
These are the £12m Threadneedle pan European equity dividend fund and the institutional RiverSource European equity fund.
Jones is set to launch a new European equities desk at Swiss financial services group UBP when he arrives there in November.