Schroders UK equities veteran Andy Simpson to retire after 34 years
Simpson joined Schroders in 1989 as a UK equity fund manager, which acted as the beginning of his career in financial services.
A spokesperson for the firm said: «We would like to thank Andy for his exceptional commitment to Schroders and investment management performance, which has consistently delivered robust long-term returns for clients.»
Simpson joined Schroders in 1989 as a UK equity fund manager, which acted as the beginning of his career in financial services.
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He has worked on a series of portfolios but since July 2006, he has co-managed the £571.3m Schroder Prime UK Equity portfolio alongside head of UK equities, Sue Noffke.
Upon Simpson's departure, Noffke and Matt Bennison, who was appointed co-manager of the aforementioned fund in September 2017, will be joined by James Goodman and Tom Grady on the Prime Equity portfolio and other related mandates «to provide continuity to clients».
Goodman and Grady are currently the two dedicated equity research analysts of the Schroder Prime UK Equity team.
Prior to joining the team, Goodman was an associate portfolio manager at Cazenove Capital, while Grady joined Schroders in September 2015.
«Andy's retirement and succession have been extensively planned, with the promotions of James and Tom demonstrating Schroders' focus on developing and progressing its in-house talent,» the firm said.
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