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Threadneedle picks UK equities chief

Leigh Harrison will take over as head of UK equities at Threadneedle next January when current head Michael Taylor steps down.

Harrison will also take over the management of Taylor’s UK growth fund, running it alongside his existing two retail equity income mandates.

Taylor has been at the group for 12 years and will stay on in a consultancy role next year before considering his options.

From this week, Mark Westwood will take over the running of Taylor’s UK select fund.

Steve Hewitt, current number two on the group’s UK hedge fund, will become lead fund manager on the Accelerando fund from January 1.

Harrison joined Threadneedle from Credit Suisse at the start of the year as head of UK retail.

Bestinvest communications director Justin Modray says: “Taylor will have had some influence on Threadneedle’s recent improvements in a hugely competitive sector and Harrison is a well regarded manager but it may take some time for the group to get back to the top of its game after a lot of recent changes.”

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