Pictet duo join Smith & Williamson as Focke retires

Smith & Williamson has hired two former co-leads of global equities at Pictet to take over its American trust as Tana Focke retires after 20 years at the helm.

Tim Day and Chris Ford are to run the Smith & Williamson North American trust and a Dublin-domiciled global equity UCITS, the Mid Ocean World investment fund. The £89m North American trust had been headed up by Robert Royle (pictured), who is transferring to the firm's private client business. Its former lead manager, Lady Tana Focke (pictured), is retiring after almost 20 years on the trust. The trust has underperformed the AIC's North America sector over one, three, and five years, according to FE data. Meanwhile, the £108m Mid Ocean World fund had been managed by David Hunter, w...