Comgest, an independent, international asset manager with a head office in Paris and focused on quality-growth investing, has established its first UK representative office in Mayfair, London, with the hiring of Iain MacPherson (pictured), who joins the firm’s investor relations team.
Working with Comgest’s country head Jane Russell, MacPherson will focus on developing Comgest’s presence across the UK wholesale market, notably amongst discretionary wealth managers, private banks, multi-managers and other intermediaries. He joins from Aberdeen Standard Investments, where he spent close to nine years as an Investment Director responsible for London intermediary sales.
MacPherson says: “I’m very excited to join Comgest, an outstanding partnership with a solid long-term performance track record across its fund range. The firm has a rare level of consistency in its style, process and people that I believe the UK wholesale market will particularly value.”
Representing approximately 7 per cent of its assets under management (GBP1.8 billion out of GBP25.1 billion), UK-based clients have been an important segment of the firm’s predominantly institutional client base for well over a decade. Known for its long-term quality-growth investment style, Comgest has been a trusted partner for a number of UK pension funds, family offices and wealth managers across a variety of strategies including Emerging Markets, Asia, Japan and European equity.
The firm is now focusing on increasing the accessibility of its equity funds to the UK wholesale market, with the addition of sterling-denominated share classes across its Comgest Growth plc (Irish UCITS) fund product range in recent years. Importantly, Comgest has become a member of the UK Investment Association and is also registering its funds on major UK platforms, having already onboarded AJ Bell, Pershing, Allfunds, Raymond James and James Hay.
Among the Comgest Growth Plc’s sub-funds likely to attract most traction in the UK wholesale market are: Asia Pacific ex Japan, Japan, Emerging Markets, Europe ex UK, Europe Smaller Companies, China, India, GEM Promising Companies and World.
Arnaud Cosserat, CEO of Comgest, says: “Comgest has always taken a long-term view. Establishing a local presence in the UK market, despite Brexit, reflects our enduring commitment to servicing our British investors. Comgest is delighted to welcome Iain on board. His depth of experience within the UK wholesale market is a great addition to the team and his partnership approach to relationships with investors reflects very much the values of our firm.”