Branigan departure forces Premier reshuffle

Premier Asset Management has been forced to reshuffle management on a number of funds following the departure of CIO Paul Branigan.

Branigan's Premier Absolute Growth has been taken over by David Hambidge, with the £51m portfolio set to transition into the Cautious Managed sector. The Aberdeen Fellowship and Smaller Companies funds, taken over by Branigan in August, will be run by Premier's Chris Wright. "One of the advantages of the acquired Aberdeen range is that is very complementary to Premier and there is very minimal overlap," Premier sales and marketing managing director Simon Weldon says. "The new funds are just an extension of what Chris already does."