UK-based asset manager PSigma has added Gervais Williams to the management team of the £360 milion PSigma Income fund.
Williams will work alongside Bill Mott and Eric Moore to manage the fund. Mott will remain lead manager and the investment philosophy of the fund will be unchanged.
The move comes after a review of PSigma’s products following the group’s acquisition by Miton in July 2013. Therefore, investment manager Neil Cumming and research analyst David Hallam will step down from the PSigma Income Fund.
In his new role, Williams will focus on stock selection while Mott will continue to research the macroeconomic and stock market environment, as well as the fund’s key themes.
Williams has previously served as the managing director of Miton Group and as manager of the Diverse Income Trust. Following the purchase of Psigma, Miton’s UK equities team has been expanded to seven fund managers, who manage six portfolios.
The team consisting of Williams, Mott and Moore will work closely with the broader UK equity team and use inputs and ideas from the entire team to focus in on the key stocks for the PSigma Income Fund.
Ian Chimes, head of sales & marketing at Miton Group, said: "Gervais is an extremely experienced UK equity manager. This move will strengthen the team considerably and bring some fresh ideas to the management of the PSigma Income Fund."