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Nick Clay quits BNY Mellon as several managers move on

Nick Clay's departure from BNY Mellon is just one of a series of high-profile manager moves
April 2, 2020

Nick Clay, manager of BNY Mellon Global Income Fund (GB00B8BQG486), which has £5.2bn assets under management, is to join asset manager RWC Partners with three other colleagues. His departure date has not yet been confirmed, but Newton, the BNY Mellon subsidiary that runs BNY Mellon Global Income, has appointed Ilga Haubelt as head of equity income and she will assume management of the global income funds. Ms Haubelt was previously head of equity opportunities at Newton.

James Sym, a value manager who runs funds including Schroder European Alpha Income (GB00B7FHV230) and Schroder European Alpha Plus (GB00B7LDKR32), is to join River and Mercantile in June. Martin Skanberg will take over Schroder European Alpha Income and Hannah Piper will run Schroder European Alpha Plus. The Schroder ISF European Alpha Focus (LU0591897862) and Schroder ISF European Opportunities (LU0995122610) funds, meanwhile, will be jointly run by Leon Howard-Spink and Paul Griffin.

Rosemary Banyard, a mid-cap UK equity manager best known for her time at Schroders, had quit Sanford DeLand Asset Management and joined Downing to run a UK equities fund.

Other moves include Charlie Awdry, who is quitting Janus Henderson China Opportunities (GB00B5T7PM36) in late August to take a career break.

Fund manager moves often happen at the end of the tax year because they wait to receive an end-of-year bonus before switching employer.

The board of Strategic Equity Capital (SEC), meanwhile, has appointed Gresham House Asset Management as its new investment manager. The investment trust's board had served notice on its outgoing manager, GVQ Investment Management, in the final quarter of 2019.