About Luxembourg SICAV

We manage £10.6 billion* for our clients, we are one of the UKs leading fund managers.

ABOUT US

About our Luxembourg Funds SICAV 

The Rathbone Luxembourg Funds SICAV (Société d'Investisement à Capital Variable) Company is an open-ended investment fund with multiple compartments ("société d'investissement à capital variable" (SICAV) à compartiments multiples) governed by Luxembourg law, established in accordance with the provisions of Part I of the Law of 20 December 2002, relating to undertakings for collective investment replaced by the law of 17 December 2010.

The Management Company is FundRock Management Company S.A., authorised in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier. The Luxembourg fund is authorised by the CSSF.  The SICAV launched in May 2016.   

FundRock Distribution S.A., an entity regulated by the Commission de Surveillance du Secteur Financier, has been appointed by Rathbone Unit Trust Management Limited, the global distributor of the Rathbone Luxembourg Funds SICAV (the “Fund”) to act as a sub-distributor of the Fund.

These funds provide international clients access to the Rathbones investment expertise at low minimum investment levels, and are available in GBP, EUR and USD (EUR and USD shareclasses are hedged).

Further information on the fund range and team members is available here

*Funds under management at 30 September 2022

INTERNATIONAL BOARD DIRECTORS

Garvan Rory Pieters

Independent director

Garvan Rory Pieters

Independent director

Garry Pieters is an ILA-certified, independent director with well over 30 years of experience in the field of finance and asset management. Early 2010 he joined The Directors' Office as a Partner and has several mandates as an independent director and/or conducting officer for a number of Luxembourg funds and management companies. He began his career (1982) in commodities, foreign exchange and money-markets trading at Commerzbank after which he became a portfolio manager of fixed income and money market funds at (what became) ING. He would spend a total of 22 years with ING. In 1994 he moved to Luxembourg and became the general manager of ING Investment Luxembourg. Late in 1999 he set up an asset management joint-venture for ING in Singapore where he was Chief Executive Officer and Chief Investment Officer. In 2002 he became the Executive Vice President at the ING asset management joint-venture in South Korea. In 2006 he became responsible for business development of ING's Fiduciary Pension Services in the Hague.

Garry Pieters is an ILA-certified, independent director with well over 30 years of experience in the field of finance and asset management. Early 2010 he joined The Directors' Office as a Partner and has several mandates as an independent director and/or conducting officer for a number of Luxembourg funds and management companies. He began his career (1982) in commodities, foreign exchange and money-markets trading at Commerzbank after which he became a portfolio manager of fixed income and money market funds at (what became) ING. He would spend a total of 22 years with ING. In 1994 he moved to Luxembourg and became the general manager of ING Investment Luxembourg. Late in 1999 he set up an asset management joint-venture for ING in Singapore where he was Chief Executive Officer and Chief Investment Officer. In 2002 he became the Executive Vice President at the ING asset management joint-venture in South Korea. In 2006 he became responsible for business development of ING's Fiduciary Pension Services in the Hague.

Suman Sharma

Director

Suman Sharma

Director

Suman Sharma is the Operations Director at Rathbones Asset Management and the Board Director of the Rathbone Luxembourg Funds SICAV.  She is also a member of the Executive Committee in Rathbones Asset Management.  Suman joined Rathbones in August 2004 as a Unit Trust Senior Technician, prior to which she was working at Investec Asset Management, as a fund accountant.

Suman has nearly 30 years’ experience in the financial Services industry, including operational positions at the BNY Mellon and Lincoln National.

Suman Sharma is the Operations Director at Rathbones Asset Management and the Board Director of the Rathbone Luxembourg Funds SICAV.  She is also a member of the Executive Committee in Rathbones Asset Management.  Suman joined Rathbones in August 2004 as a Unit Trust Senior Technician, prior to which she was working at Investec Asset Management, as a fund accountant.

Suman has nearly 30 years’ experience in the financial Services industry, including operational positions at the BNY Mellon and Lincoln National.

INTERNATIONAL INVESTMENT TEAM

In our view, our fund managers are some of the most talented and experienced in the industry. The unit trust investment team is led by Chief Investment Officer Tom Carroll; they share a total of over 60 years’ experience across major financial organisations. In total, Rathbone Unit Trust Management now employs over 50 individuals across a range of functions.

The multi-asset investments team is headed by fund manager David Coombs who brings over 30 years of investment experience and is supported by a team of experienced analysts.

For more information on any of our fund managers and their analysts, click on the individual’s image to display details.

David Coombs

Head of multi-asset investments

David Coombs

Head of multi-asset investments

London

David heads our multi-asset investments team, which manages the Rathbone Multi-Asset and Rathbone Greenbank Portfolio funds. He joined Rathbones in 2007 after spending 19 years with Baring Asset Management, where he managed multi-asset funds and segregated mandates. He began his career with Hambros Bank in 1984. 

David heads our multi-asset investments team, which manages the Rathbone Multi-Asset and Rathbone Greenbank Portfolio funds. He joined Rathbones in 2007 after spending 19 years with Baring Asset Management, where he managed multi-asset funds and segregated mandates. He began his career with Hambros Bank in 1984. 

Will Mcintosh-Whyte

Fund manager

Will Mcintosh-Whyte

Fund manager

London

Will manages the Rathbone Multi-Asset and Rathbone Greenbank Portfolio funds. He joined Rathbones’ charities team in 2007 and was made investment manager in 2011, running institutional multi-asset mandates. He has been with our multi-asset investments team since 2015 and a fund manager since July 2019. Will is a Chartered Financial Analyst (CFA) charterholder and graduated from the University of Manchester Institute of Science and Technology with a BSc Hons in Management. 

Will manages the Rathbone Multi-Asset and Rathbone Greenbank Portfolio funds. He joined Rathbones’ charities team in 2007 and was made investment manager in 2011, running institutional multi-asset mandates. He has been with our multi-asset investments team since 2015 and a fund manager since July 2019. Will is a Chartered Financial Analyst (CFA) charterholder and graduated from the University of Manchester Institute of Science and Technology with a BSc Hons in Management. 

Craig Brown

Senior investment specialist, Rathbone Multi-Asset Portfolios

Craig Brown

Senior investment specialist, Rathbone Multi-Asset Portfolios

London

Craig Brown is the Senior investment Specialist for the Rathbone Multi-Asset Portfolios and Managed Portfolio Service (MPS). Craig joined Rathbones in November 2018 and brings with him 15 years of Financial Services experience, including time with Barclays Wealth & Investment Management, and Citibank. Directly prior to joining Rathbones, Craig was a multi-asset portfolio manager at Beckett Asset Management, constructing a range of portfolios for discretionary clients. He is a Chartered Member of the Chartered Institute for Securities and Investment.

Craig Brown is the Senior investment Specialist for the Rathbone Multi-Asset Portfolios and Managed Portfolio Service (MPS). Craig joined Rathbones in November 2018 and brings with him 15 years of Financial Services experience, including time with Barclays Wealth & Investment Management, and Citibank. Directly prior to joining Rathbones, Craig was a multi-asset portfolio manager at Beckett Asset Management, constructing a range of portfolios for discretionary clients. He is a Chartered Member of the Chartered Institute for Securities and Investment.

Bryn Jones

Head of fixed income and fund manager

Bryn Jones

Head of fixed income and fund manager

London

Bryn is head of fixed income at Rathbones and is lead manager of the Rathbone Ethical Bond, the Rathbone Strategic Bond and the Rathbone Greenbank Global Sustainable Bond funds. He joined Rathbones in November 2004 from Merrill Lynch Investment Managers, where he managed $2 billion of fixed income assets. Bryn is a member of the Rathbone Strategic Asset Allocation Committee, non-executive chairman of Rathbones' Fixed Income Committee, and an adviser to the Rathbones Banking Committee. He also sits on the Investment Association’s Fixed Income Committee. Bryn appears regularly on CNBC and Bloomberg TV to discuss bond markets. Bryn graduated from Birmingham University with a Bachelor of Arts degree in Geography in 1995.  

Bryn is head of fixed income at Rathbones and is lead manager of the Rathbone Ethical Bond, the Rathbone Strategic Bond and the Rathbone Greenbank Global Sustainable Bond funds. He joined Rathbones in November 2004 from Merrill Lynch Investment Managers, where he managed $2 billion of fixed income assets. Bryn is a member of the Rathbone Strategic Asset Allocation Committee, non-executive chairman of Rathbones' Fixed Income Committee, and an adviser to the Rathbones Banking Committee. He also sits on the Investment Association’s Fixed Income Committee. Bryn appears regularly on CNBC and Bloomberg TV to discuss bond markets. Bryn graduated from Birmingham University with a Bachelor of Arts degree in Geography in 1995.  

James Thomson

Fund manager and Executive director

James Thomson

Fund manager and Executive director

London

James has been the lead manager of the Rathbone Global Opportunities Fund since 2003; he was assistant manager of the fund at its inception in 2001. It is one of the top performing funds in the IA Global sector over that period. James joined Rathbones in 2000, having grown up on the island of Bermuda and graduating from Cornell University in New York. He sits on the Executive Committee of Rathbones Asset Management, is a Fellow of the Chartered Institute for Securities & Investment and holds the Investment Management Certificate. James is frequently quoted in the financial press and has won numerous fund management awards over his career. 

James has been the lead manager of the Rathbone Global Opportunities Fund since 2003; he was assistant manager of the fund at its inception in 2001. It is one of the top performing funds in the IA Global sector over that period. James joined Rathbones in 2000, having grown up on the island of Bermuda and graduating from Cornell University in New York. He sits on the Executive Committee of Rathbones Asset Management, is a Fellow of the Chartered Institute for Securities & Investment and holds the Investment Management Certificate. James is frequently quoted in the financial press and has won numerous fund management awards over his career. 

RESPONSIBLE INVESTMENT AT RATHBONES

Our responsible investment principles

We believe it is in the best interests of our clients that the companies we invest in adopt best practice in managing environmental, social and governance (ESG) risks. This provides each company with a framework for managing its operations in the long-term interests of its shareholders. We see it as our responsibility to be good, long-term stewards of our clients’ wealth, as outlined in our responsible investment policy.

 

We are guided by four responsible investment principles:

  • ESG integration: we will consider environmental, social and governance (ESG) factors in the evaluation of investments to help identify ESG opportunities and risks.
     
  • voting with purpose: we will actively vote across over 95% of the value of our holdings in line with our responsible investment commitments. This may involve voting against management to help drive positive change.
     
  • engagement with consequences: we will prioritise engagement where we can make a real difference in addressing the world’s systemic environmental and societal challenges. We are prepared to reduce our holdings in companies who continue to present an ESG risk over time
     
  • transparency: as a prominent participant in the financial markets, we are committed to being transparent about our approach to responsible investment. We will actively report on the progress of our RI activities to our clients, shareholders and other stakeholders.

 

Our full responsible investment policy can be viewed here.


Reports

Our full responsible investment report for 2022 can be viewed here.

Our full responsible investment report for 2021 can be viewed here.

Our full responsible investment report for 2020 can be viewed here.

Our full stewardship report for 2019 can be viewed here.

Our full stewardship report for 2018 can be viewed here.

Our full stewardship report for 2017 can be viewed here.

Our stewardship policy statement for Rathbone Unit Trust Management can be viewed here

We appreciate the need to be transparent about our stewardship activities on behalf of our clients. We report annually on our Stewardship and Engagement Activities.  For more information, please contact Matt Crossman, Stewardship Director.

Modern Slavery Statement

As part of the Rathbone Group, Rathbone Unit Trust Management adheres to the statement on Modern Slavery produced by the group. This is provided here.