NewSmith Asset Management (NSAM) has appointed Matthew Wright as partner and head of UK and European distribution.
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NewSmith has hired Wright to launch new retail products and introduce their existing products to retail investors.
Wright appointment is part of NewSmith’s expansion strategy after SuMi Trust’s investment in into NewSmith LLP, in 2012.
Wright joined NSAM from Carmignac Gestion where he was head of distribution for UK.
Paul Roy, executive chairman of NewSmith, said: "His appointment marks a significant development for NewSmith, where we are planning to broaden the distribution of our investment strategies.
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By GlobalData"We consider that our existing stable of equity investment products will be an attractive addition to the UK and European wholesale market, together with other new managers and products across key IMA sectors, which we plan to launch," he added.
NSAM currently offers six funds to corporate, institutional and high net worth clients, in European, Global, Japanese and UK equities.
