Smith & Williamson

Nick Marshall has left Smith & Williamson Investment Management after the firm overhauled its portfolio strategy recently.

Former JPMAM and Gartmore bond manager John Anderson has joined Smith & Williamson Investment Management.

Smith & Williamson Investment Management has promoted Mickey Morrissey to the role of head of distribution for pooled funds and discretionary fund management business.

Smith & Williamson has launched an emerging markets value fund, to be managed by Richard McGrath.

Smith & Williamson and Pictet Asset Management are both to cut annual management charges (AMCs) on a variety of funds as part of an overhaul of clean pricing strategies.

ON UK GROWTH

Smith & Williamson has appointed Morgan Stanley's Michael Pagliari as investment management partner, its fourth hire in the investment management division in the last two months.

Tineke Frikkee has bought into Lloyds as a play on the housing recovery, in one of her first trades since joining Smith & Williamson to run its £9m UK Equity Income trust.

Mark Pignatelli, manager of the European Growth Trust, will retire from Smith & Williamson at the end of this year.

Tineke Frikkee is to exit BNY Mellon and join Smith & Williamson Investment Management in July to run its UK Equity Income Trust.