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Whitten quits First State for career break

First State head of global res-ources David Whitten is leaving the firm after 13 years to take a career break.

Whitten joined First State in 1997 as part of the firm’s first move into the global resources market and launched both wholesale and retail funds.

He managed the £698m glo-bal resources fund from its launch in 2003 until 2006, when management of the fund passed to Joanne Warner. In the past five years, the fund has returned 166.7 per cent, according to Morningstar.

Warner is to take on Whitten’s role as head of global resources in addition to her fund management duties. First State is looking to supplement the team with three new appointments.

Whitten is to leave the firm at the end of June.

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