UK-based Premier Asset Management has appointed former chief investment officer (CIO) of Framlington Asset Management Neil Birrell as its new CIO.

Birrell will be replacing Mike Jennings, who is departing the firm to pursue further opportunities.

Following the move, the Premier Global Strategic Growth fund, which is co-managed by Jennings, will be solely managed by Jake Robbins.

Birrell has joined Premier in January 2013 and has over 25 years of investment experience.

Prior joining Premier, Birrell was previously chief investment officer at Framlington Asset Management.

Additionally, the firm plans to merge its three funds to form a single global equity portfolio.

The firm plans to merge its £8.7 million Premier China Enterprise fund, £56.2 million Premier Global Strategic Growth fund and £18.4 million Premier Global Alpha Growth fund, which will be managed by Jake Robbins, subject to regulatory and shareholder approval.

Mike O’Shea Premier CEO said: "We are committed to building our global equity proposition, as we believe this is one of the exciting areas for our clients in the future. The proposed creation of a new, larger Premier global equity fund is designed to help us ensure we are well placed to deliver the best possible investment value to clients in this area."