Cliff also runs Threadneedle’s £242m pan-European accelerando fund and this will be taken over by Dan Ison, who is joining the group as head of pan-European equities.
Paul Doyle will run the £1.1bn European select fund on an interim basis until a permanent replacement is appointed. He was previously Cliff’s deputy on the portfolio.
Ison has held a number of roles in the industry, most recently as a partner at hedge fund group Clareville Capital. He also previously managed the Barings Europe select growth and German growth unit trusts.
Cliff joined the European equity team at Threadneedle in 2001 from Skandia Life where he was an investment consultant specialising in European equities and global bonds.