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Oriel Asset Management expands fund offering


Oriel Asset Management (OAM) has entered into an agreement with Williams de Broë Asset Management (WDBAM) in respect of the ongoing management of the WDB Oriel UK Fund, the WDB Oriel European Fund and the WDB Oriel Global Fund with assets of GBP90m. 

Patrick Barton and Richard Scrope who have run the funds at WDB have joined OAM as fund managers, ensuring continuous responsibility for the day to day discretionary management of the funds. 
Barton runs the WDB Oriel UK Fund and has over 30 years of industry experience. He joined Williams de Broë in 2001 after leaving CSFB where he was UK banks analyst and head of pan- European banks research. Prior to this, he was at JP Morgan Chase (formerly Chemical Bank) and then Norwich Union as a pension and unit trust UK equity investment manager and latterly head of UK equities. 
Scrope runs the WDB Oriel European and Global Funds. He joined Williams de Broë in 2008 following the acquisition of Singer & Friedlander Investment Management, where he worked on European mandates. Prior to this, he served as a British Army officer and then worked at JP Morgan Chase Private Bank.
WDBAM will remain as the authorised corporate director with the funds’ investment objectives unchanged. 
Barton says: “Richard and I are delighted to join a strong platform and ambitious boutique at an early stage of its development. OAM’s focus on providing support for talented fund managers creates an attractive environment in which to deliver good returns for our clients.”
Tim Hall, chairman of OAM, says: “I am pleased that Patrick and Richard have joined our team, bringing with them complimentary skills in running equity portfolios. Together with David Urch, they share the same ambition in delivering strong long term returns for our growing investor base. I look forward to working with Patrick and Richard and introducing their proven skills to a wider audience. This agreement builds on the momentum of our recent Ucits fund launch and leaves us excited about the prospects for the business.”

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