James de Uphaugh to retire after 36-year career
Manager of the Edinburgh investment trust James de Uphaugh, who is set to retire in February 2024
He will step down as manager of the Edinburgh investment trust in February 2024, handing management of the vehicle to fellow fund manager Imran Sattar, who, like de Uphaugh, joined Liontrust in April 2022 as part of its acquisition of Majedie.
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Before joining Majedie, Sattar served as a managing director and fund manager at BlackRock, where he oversaw UK equity funds with a combined assets under management of more than £2bn. He began his career at Mercury Asset Management in 1997, which was subsequently acquired by Merrill Lynch, then BlackRock.
As part of the succession, Sattar has been appointed as deputy portfolio manager until he takes on lead management, replacing Chris Field, who is due to retire next month.
There will be no change to the trust's investment objectives, strategies or key features, and Sattar will continue to be supported by a team of nine fund managers and analysts across Liontrust's global fundamental team.
de Uphaugh also began his career at Mercury Asset Management, where he became a managing director and chair of the UK investment group.
He co-founded Majedie in 2002 and served as its chair and chief investment officer, responsible for co-managing the UK Equity fund and leading on the Edinburgh investment trust.
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He took on a role as head of the Liontrust global fundamental team when he joined the firm.
Edinburgh chair Elisabeth Stheeman said: «James oversaw the successful transition of the company's management to the global fundamental team and has delivered
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