Newton IM has named Zoe Kan as a new lead manager on the Newton Asian Income fund almost exactly one year after former star manager Jason Pidcock left the firm.
The £2.1 billion (€2.6 billion) regional equity fund had been moved to a team-managed approach in the wake of Pidcock quitting Newton to join rival Jupiter Asset Management. Pidcock has subsequently launched a similar strategy at his new employer.
This latest move has seen Kan promoted to take the lead position after being involved in the management of the strategy for more than a decade. Meanwhile, Robert Marshall-Lee will be named as the alternate manager on the fund.
Marshall-Lee remains a head of merged Emerging market and Asian equity teams, which were restructured at the same time as Pidcock's departure. While Kan will be ultimately responsible for the fund, there will be input in line with the firm's team-based approach.
Newton’s Emerging and Asian equity team consists of eight investment professionals with an average of eight years at Newton and 11 years in the industry.
Commenting on the new appointment, Marshall-Lee, said: 'Zoe is a natural choice to lead the fund, given her significant experience on the fund itself and in Newton’s wider management of Asian equities.'