Uk-based investment management firm Sarasin & Partners has named Tom Vernon as the new head of the Private Clients team. 

Vernon, who has been with Sarasin & Partners since 2006, will replace Jamie Black, who has served in the role for over two decades.   

Meanwhile, Jamie Black will continue to serve as a senior partner at Sarasin & Partners, managing his established client relationships.  

He will also maintain his position as a director of Sarasin Asset Management, the firm’s subsidiary focused on managing investment portfolios for US-based clients. 

Having joined the firm shortly after his graduation from the University of Bristol in 2006, Vernon has been managing a broad spectrum of client portfolios, including those of UK and international private clients and charities.  

He is also part of the firm’s Investment Strategy Group, which manages Sarasin & Partners’ long term thematic investment strategy. 

In his new role, Vernon will oversee the management of £4.9bn in assets for over 850 clients.  

Vernon said: “We have long prided ourselves on building enduring relationships with our clients, rooted in trust, transparency and investment insight. I look forward to the opportunity to lead the team in continuing this work and delivering the outcomes our clients value most.” 

Sarasin & Partners managing partner Guy Matthews said: “Tom’s appointment reflects the depth of talent and expertise within our Private Client team. Since joining nearly two decades ago, he has played a key role in developing our client relationships and shaping our long-term investment thinking.  

“Jamie’s steady leadership and deep commitment to our clients has been instrumental in the team’s growth and success. He will continue to play a vital role in the business, both as a partner and in his ongoing leadership of our service for US clients.”