Vontobel Asset Management, the global investment management firm, has appointed Matthew Benkendorf, the long- standing deputy to Rajiv Jain, as his successor and as Chief Investment Officer of the Quality Growth boutique.
Jain has decided to leave the firm, effective 31 May, 2016.
Benkendorf, an industry veteran with 20 years of investment experience, joined Vontobel Asset Management Inc. New York in October 1999, and became Senior Portfolio Manager in 2008. During his 17 year tenure with Vontobel, Matthew has worked closely with Rajiv Jain in developing the Quality Growth investment process and shaping the firm's culture. Matthew Benkendorf has built in-depth investment expertise across all of the firm's investment strategies; he has served as the deputy to Rajiv Jain on the Global Equity strategy and is the lead Portfolio Manager on the U.S. Equity strategy. For more than five years, Benkendorf built a successful track record as the lead Portfolio Manager of the European Equity strategy. As a generalist analyst, he has worked on all portfolios throughout the years.
With this succession, Vontobel ensures a seamless transition and seeks to protect performance for its clients. Benkendorf, a co-architect of the Quality Growth investment style, will continue to rely on the firm's strong investment team and one of the industry's best defined and most robust investment processes, which has been in place for over two decades.
Benkendorf will take over as lead Portfolio Manager of Vontobel's flagship Global Equity, International Equity, and Emerging Market Equity investment strategies. Donny Kranson, formerly deputy Portfolio Manager of the European Equity strategy, will take over as lead European Portfolio Manager from Rajiv Jain. Brian Bandsma, formerly deputy Portfolio Manager of the Far East Equity strategy, will take over as lead Far East Portfolio Manager from Rajiv Jain.
"Rajiv Jain's outstanding contribution has been the bedrock of the firm's success over the past 22 years," says Axel Schwarzer, Head of Vontobel Asset Management. "As Rajiv is handing over responsibility to Matthew Benkendorf, we are delighted to rely on our strong succession planning and to broaden out our investment leadership. Matthew is a proven Portfolio Manager and respected leader of our firm, who will take greatest care to protect performance for our clients and ensure high consistency for the Quality Growth investment style in global equity investing."
Jain says: "I have worked closely with Matthew for 17 years. Matthew deeply endorses the Quality Growth investment style and knows our portfolios intimately. He is ideally placed to step up now to head the Quality Growth boutique."
"It is a great privilege to take over for Rajiv Jain. The Quality Growth boutique is unique as it relies on one of the best defined and most consistently applied investment styles in the world, backed up by strong track records that reach back two decades. To protect these values for our clients going forward, I am proud to rely on a perfect bench of talent. Our Portfolio Managers and Analysts have worked together over different market cycles. They share the same investment belief and an outstanding passion to perform," says Benkendorf.