Allianz UK CIO Lovett departs for rival

Allianz RCM's CIO of UK equities Mark Lovett has left to join another undisclosed firm.

Lovett resigned from the firm yesterday. As well as leading the asset manager's UK team he also ran the £48m UK Equity fund and £11m UK Unconstrained fund. These mandates will be taken over by Jeremy Thomas, who also will also take on responsibility for the UK portion of the global growth £209m Brunner Investment trust. Thomas already runs the £57m UK Growth fund. Meanwhile, RCM CIO for Europe Neil Dwane will take over running the £57m Charter European trust. Lovett joined RCM in 2002 as portfolio manager for UK & European equities from Deutsche Asset Management.