About Luxembourg SICAV
We manage £10.6 billion* for our clients, we are one of the UKs leading fund managers.
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.
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
Mike Webb
Rathbone Unit Trust Management - Chairman
Mike Webb
Rathbone Unit Trust Management - Chairman
Mike Webb is chairman of the Luxembourg SICAV, joining in February 2010. With over 25 years’ experience, Mike joined from Hermes Fund Managers where he was head of business development. Previous roles include chief executive officer of Invesco Perpetual, prior to which he was managing director of the retail division of GT Global Asset Management and sales & marketing director of Prolific Financial Management.
Garvan Rory Pieters
Independent director
garry.pieters@thedirectorsoffice.comGarry 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@rathbones.comSuman Sharma is the Operations Director at Rathbone Unit Trust Management (RUTM) and the Board Director of the Rathbone Luxembourg Funds SICAV. She is also a member of the Executive Committee in RUTM. 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.
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.
Bryn Jones
Head of fixed income and fund manager
rutm@rathbones.comBryn is the Head of Fixed Income for Rathbones, and is lead manager on the Rathbone Ethical Bond Fund, the Rathbone Strategic Bond Fund and manager of institutional mandates. He joined Rathbones in November 2004 from Merrill Lynch, 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 Rathbone Banking Committee. He is a WMA representative for the HMT DMO’s (Her Majesty’s Treasury - Debt Management Office) Gilt market consultation process. He has been a guest speaker at the Euromoney Bond Conference in London, and at the Euromoney Bank Capital Conference in Amsterdam. Bryn appears regularly on CNBC and Bloomberg TV. He also sits on the IA Fixed Income Committee.
Bryn graduated from Birmingham University with a Bachelor of Arts degree in Geography in 1995. Bryn’s Rathbone Ethical Bond Fund was awarded Best Sterling Corporate Bond Fund at the Morningstar UK Fund Awards 2014; Best SRI Bond Fund at the Money Observer 2015 Fund Awards; the Rathbone Ethical Bond Fund is also a top performer in the Bond Pound Sterling – Corporates sector over 3 and 5 years in the UK (Lipper Fund Award 2015) and was ‘Highly Commended’ at the 2015 Moneywise Awards. In 2018 the Ethical bond fund won the prestigious Judge’s Choice fixed Income fund award at the Investment Week awards. His Rathbone Strategic Bond fund was voted best Multi-Asset Fixed Income Strategy at the Investment Week Specialist Investment Awards 2015.
David Coombs
Head of multi-asset investments
rutm@rathbones.comDavid is head of the team that is responsible for managing 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.
James Thomson
Fund manager and Executive director
London rutm@rathbones.comJames Thomson has been lead manager of the Rathbone Global Opportunities Fund for the past 18 years and it is one of the top performing funds in the IA Global sector.
James joined Rathbones in 2000, having grown up on the island of Bermuda and graduating from Cornell University in New York. He holds the Investment Management Certificate, is a Fellow of the Securities Institute and sits on the Executive Committee of Rathbones fund management business.
James has been involved with the management of the Rathbone Global Opportunities Fund since its inception in 2001 and was appointed co-manager in 2003 and sole manager in 2005. He is frequently quoted in the financial press and has won numerous fund management awards over his 20-year career.
Noelle Cazalis
Fund manager
rutm@rathbones.comNoelle manages the High Quality Bond Fund. She works closely with Bryn Jones and also assists in the management of the Rathbone Ethical Bond Fund and the Rathbone Strategic Bond Fund. Noelle joined Rathbones in July 2011 and was made manager in October 2018. Before this, she spent some time as a financial analyst for the Bank of France in Paris and five months in Cambodia, where she undertook due diligence on the Cambodian banking sector for the French Embassy.
Noelle has achieved two master’s degrees with distinction in 2010, from the University of Montesquieu in Bordeaux - a Magistere of International Finance, and a Master’s in Banking, Finance and Financial Assets Trading. Noelle is a CFA (Chartered Financial Analyst) charter-holder. She was named in the 2016 Citywire Top 30 Under 30 investment management awards.
Will Mcintosh-Whyte
Fund manager
rutm@rathbones.comOur 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.
