Smith & Williamson Investment Management has hired former Newton higher income fund manager Tineke Frikkee to manage its UK equity income trust, with effect from July 1 2013.
In her new role, Frikkee will manage the Smith & Williamson UK Equity Income Trust alongside assistant manager Mark Swain, and will also provide input into various charity accounts.
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Frikkee joined the firm from BNY Mellon as an assistant fund manager in 1998. She also managed the Newton Higher Income fund from April 2004 to December 2012, time during which it grew from around EUR600 million to over EUR2.4 billion.
The appointment follows rejoining of Mark Boucher to Smith & Williamson as ead of UK equities and to manage of UK Equity Growth Trust, replacing Charles Deptford.
Head of marketing and sales, Nick Hodgson, said: "It is clear that the demand for equity income will not diminish in the current climate, and this view is supported by the recent IMA industry sales data.
"We are offering advisers and wealth managers a relatively small range of investment funds, run by very experienced fund managers on a boutique-basis with their own philosophy and process, unhindered by an over-arching house style," he added.
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