Our media spokespeople are happy to offer comment and insight on a number of investment issues.
The Brexit saga has taken a predictable turn, though the rout that Prime Minister Theresa May suffered in Tuesday’s Parliamentary vote on her Brexit deal was historical in its magnitude.
At the start of 2018 we identified the concerns that eventually weighed on equity markets, but we hadn’t anticipated the big drop in valuations that would follow. We still believe some caution is warranted, but not the kind of fear that seemed to take hold as 2018 drew to a close.
As market sentiment hits new lows, Rathbones’ David Coombs discusses why he welcomes the recent volatility and continues to back equities.
Something has been creeping into our minds over the past few years: in everything from technology, politics and risk to the dynamics of interest rates, the models of yesterday appear to be breaking down. And that accelerated in 2018.
It looks like much of the nitty-gritty on trade in services, financial services regulation and fishing will be worked out during the transition period.
The final votes are still being counted but it’s clear that the Democrats have won control of the House while the Republicans have extended their majority in the Senate. If this midterm election was a referendum on Mr Trump’s presidency, the results were inconclusive.
Uncharacteristically, the Chancellor delivered a Budget that took the savings accrued from the better than expected revenues of the last two years and reallocated them to future spending.
This note is to inform you of a proposed merger of the net assets of the Rathbone Blue Chip Income and Growth Fund into the Rathbone Income Fund.
The purpose of this letter is to inform you of a proposed merger (the Merger) by which the net assets of the Rathbone Blue Chip Income and Growth Fund (the Blue Chip Fund) will be transferred into the Rathbone Income Fund (the Income Fund).
Rathbones today releases its “Brexit Decision Tree”. Rathbones’ head of asset allocation research, Ed Smith, believes that stopping at “we don’t know” is actually a missed opportunity. The decision tree shows a number of branches which lead to a range of possible outcomes.
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Rathbones is an open and highly accessible company, please contact our press team if you would like to speak to any of our team and, mindful in the first instance of your deadline, we will do our utmost to arrange an interview or to provide a viewpoint in writing.
Mike Webb is chief executive officer of Rathbone Unit Trust Management, 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.
Julian is Rathbones’ Chief Investment Officer, and therefore plays a key role in the ongoing development of the organisation’s investment process. Prior to this, Julian was assigned Board Director of Rathbone Unit Trust Management in October 2001, and joined Rathbones in July 2001 as deputy Chief Investment Director.
Julian is also a member of Rathbones’ Investment Executive Committee. He has over 30 year’s investment experience, gained within organisations such as James Capel, Global Asset Management, Bankers Trust and Investec Asset Management
Carl is a Board Director of Rathbone Unit Trust Management (RUTM) and plays a key role in the development of Rathbones’ investment process and business strategy. He is also the manager of the Rathbone Income Fund, which he has been managing since January 2000.
After Rathbones acquired Neilson Cobbold in 1996, Carl transferred to London in August 1998, where he became an assistant fund manager for the unit trust business, working alongside Hugh Priestley. Carl graduated from the University of Southampton in 1991 with a BA Honours degree in English Literature. He is also I.I.M.R.-qualified and a Fellow of the Securities Institute.
Bryn 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 intuitional 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 is head of multi-asset investments and joined Rathbones in 2007. He is a member of our Investment Executive Committee as well as the Strategic Asset Allocation Committee . David is responsible for developing our investment propositions for national financial advisory firms and networks. He is the lead manager for the Rathbones Multi-Asset Portfolio Funds and the offshore Luxembourg-based Sicavs. He is also co-manager for the Rathbones Strategic Bond Fund.
David previously worked at Barings for almost 20 years where he managed institutional and private clients via pooled vehicles and segregated accounts. He joined Barings in 1988 from Hambros, where he managed multi-manager portfolios for private clients. David is an Associate of the Chartered Institute of Financial Services.
Alexandra is the manager of the Rathbone UK Opportunities Fund. Previously she was co-manager of the Rathbone Recovery Fund, appointed in June 2014, and has spent over 10 years with Rathbones.
Alexandra joined Rathbone Unit Trust Management in 2007 as an equity analyst, and then became assistant fund manager on the Rathbone Global Opportunities Fund.
Alexandra is a CFA (Chartered Financial Analyst) charter-holder and holds the Investment Management Certificate. She has a BA (Hons) in Economics from the University of Durham. She is a member of the Rathbone Investment Management Stock Selection Committee and co-chairs REN, the Rathbones Engagement Network.
Edward supports Rathbones’ investment process with proprietary macro-based, multi-asset research and is a member of the strategic asset allocation committee.
Starting his career at BlackRock, working with liability-driven solutions for institutions, Edward joined Rathbones in 2014 from Canaccord Genuity Wealth Management, where he was global strategist and co-lead manager of their Risk Enhanced Multi-Asset Portfolio service.
He is a CFA charter holder and a member of the Continuing Education committee for CFA UK, helping to set the educational agenda for the investment analyst profession and ensuring it keeps abreast of the very latest ideas. Edward has completed a course in Quantitative Economic Methods at Birkbeck, University of London and received an MA from the University of Oxford. He is a member of the Society of Business Economists.
Edward is a published expert on risk management for multi-asset portfolios, recently appearing in Quantitative Approaches to High Net Worth Investment, edited by Andrew Rudd and Professor Stephen Satchell.
Elizabeth Savage is head of research and joined Rathbones in 2005. She is responsible for overseeing the research team and the development and delivery of the investment process including recommendations made by the investment committees she is also a member of Rathbones’ Investment Executive Committee.
Elizabeth previously worked at Progressive Alternative Investments, a fund of hedge funds, where she was a hedge fund analyst. Elizabeth graduated from Newcastle University and holds the Chartered Alternative Investment Analyst designation.
Sanjiv started his career at Morgan Grenfell Asset Management (later Deutsche Asset Management) in 1996 where he was an investment manager and equity research analyst. In 2006 he joined Alliance Bernstein to focus on equity research for mid cap companies and later moved to Investec Wealth & Investment. Sanjiv graduated from Oxford University with a degree in Philosophy, Politics and Economics and has passed the Institute of Investment Management and Research (IIMR) exams.
Alex Moore is a Head of Collectives Research for Rathbones. He is responsible for carrying out quantitative and qualitative analysis to select funds for recommended use within portfolios managed at Rathbones across different asset classes and strategies. He sits on Rathbone’s Collectives Research Committees and also assists the Rathbone Multi-Asset Portfolios team with their collectives’ investments.
Alex joined Rathbones in May 2015. Prior to joining, he worked for the British Steel Pension Fund and Dimensional Fund Advisors, specialising in Asia-Pacific and Emerging Markets equity portfolio management. Alex graduated from the University of Durham with a BA (Hons) in Economics. He holds the Investment Management Certificate, is a member of the Chartered Institute for Securities & Investment, and is a CFA Charterholder.
Alan Dobbie joined Rathbones in October 2005. He became co-manager of the Rathbone Income Fund in October 2018. Alan has previously managed and co-managed a number of UK, European and global equity funds for Rathbones. He graduated from the University of Strathclyde with an MSc Finance and also holds degrees in Accounting & Finance and Chemical Sciences from the Universities of Glasgow and Edinburgh, respectively. Alan holds the Investment Management Certificate (IMC) and is a Chartered Financial Analyst (CFA) charter-holder.
James Thomson has been lead manager of the Rathbone Global Opportunities Fund for the past 14 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 was appointed to the Board of Rathbone Unit Trust Management in 2006.
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 17-year career.
Will Mcintosh-Whyte is the assistant fund manager, supporting David in managing the Rathbone Multi-Asset Portfolios, as well as the Rathbones Managed Portfolio Service (MPS). Will is a CFA charterholder and is Chair of the Rathbones Fixed Income Funds Committee. He has been with the business for the past decade, and prior to joining us was a specialist researcher for Theisen Securities, having graduated from the University of Manchester Institute of Science and Technology (UMIST) in 2006.
Noelle 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.
David joined Rathbones in June 2014 as a global equity analyst from private bank, Julius Baer. He is the lead fund manager and investment analyst of the Rathbone Global Sustainability Fund, supported by Liz Davis and Neil Smith.
David has a wealth of fund management experience, and is currently one of the managers of our Rathbone Heritage Fund and Rathbone Income Fund. he also supports David Coombs’ Rathbone Multi-Asset Portfolios (RMAPs), with direct equity selection. David has more than 14 years’ experience in equity analysis and fund management, including positions at Hermes and Goldman Sachs.
David holds the Investment Management Certificate and a BSc (Hons) in Economics and Politics from the University of Southampton. He is a CFA charter-holder.
Elizabeth joined Rathbones in January 2005, after graduating from the University of Oxford (Lady Margaret Hall). She holds an MA in Mathematical Sciences. Liz is lead manager on the Rathbone Heritage Fund, and an integral member of our Rathbone Global Sustainability Fund team, with a key role in the development of the investment process.
She supports fund managers on the income mandates through quantitative stock screening and fundamental research on companies. She also profiles relative and absolute risk across the funds. Prior to joining Rathbone Unit Trust Management, Elizabeth worked on temporary assignments with Accord Holdings Ltd, a media advertising business. She holds the Investment Management Certificate and is a CFA (Chartered Financial Analyst) Charterholder
For any questions about our funds and services, or for comment on industry themes, please get in touch with Madhu Kalia by email or on 020 7399 0256. Alternatively, contact Quill PR by email or call Sam Emery on 020 7466 5056, Emma Murphy on 020 7466 5054 or Andreea Caraveteanu on 020 7466 5059.
If you are an investor in the Rathbones Group looking for financial information or if you have questions about us as a business, please visit our investor relations page. You can access our shareholder information and an online version of our latest annual report and accounts is also available.
Rathbone Brothers Plc is a FTSE 250 company listed on the London Stock Exchange. Through its subsidiaries, it is one of the UK’s leading providers of high-quality investment and wealth management services for private clients, charities, trustees, and their financial advisers.
Madhu is responsible for press relations in the funds business. She joined Rathbones in February 2005 as an investment writer for the unit trust business and is involved in press relations, working alongside the fund managers to support internal and external communications.
Formerly, Madhu worked as a teacher, and as a journalist for several local newspapers, including the Coventry Evening Telegraph. She then spent six years working for the financial trade press, covering institutional and retail investment. Madhu graduated from the University of Warwick with an MA in Social and Cultural History, and has a Postgraduate Diploma in Periodical Journalism from the University of Westminster. She has passed the Investment Management Certificate.
Madhu was a finalist for the Headlinemoney PR Awards in 2013 and 2015 in the ‘Best Investment PR’ category, and won the award in 2014 in the category for ‘Best In-House Investment PR’, voted for by financial journalists. In 2016 Madhu was a finalist for Headlinemoney’s inaugural ‘PR Professional of the Year’; in 2017 she was highly commended in this category, and was then awarded PR Professional of the Year in 2018.
Sam joined Quill in February 2011 having previously worked at Penrose Financial (now MHP Communications) in the institutional fund management team. He then moved in-house to Swiss private bank Banque Bonhôte & Cie and its trust company Bonhôte Trust as a marketing manager before joining the new private wealth management company, Charles Mia Ltd.
At Quill Sam looks after investment management companies across numerous asset classes in both the retail and institutional markets.
Emma joined Quill in January 2018 from Citigate Dewe Rogerson, where she was a Director in the Corporate Practice.
With over 20 years’ public relations experience in London and Sydney, including Broadgate Mainland (now Four Broadgate), Porter Novelli and Sefiani Communications Group, Emma has advised a number of clients predominantly in the investment, retail banking and wealth management sectors in a variety of pan-European, APAC and UK-focused campaigns.
Andreea joined Quill in May 2016 having previously worked at Four Broadgate. She holds a First Class BA (Hons) in Public Relations from the University of Westminster. During her studies Andreea undertook work experience at Lansons Communications and the European Parliament.