Resignations 'will not hurt us' - CSAM

clock

Credit Suisse (CSAM) has vowed its multi-manager arm will not suffer despite the resignations today of flagship fund managers Gary Potter and Robert Burdett.

However, industry experts say the departures will come as a “disappointingly bitter blow” to the firm. It is not yet known where the duo, who were put on immediate gardening leave, are heading, although IFAonline.co.uk understands it is not Psigma or Axa, contrary to industry rumours. CSAM has confirmed Scott Spencer and Kelly Prior, who both worked on the multi-manager teams under Potter and Burdett, will run the multi-manager range in the short term under the direction of head of manager selection, Ed Robertiello. The resignations have come as a blow to CSAM which, in the last 18 month...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

FCA delivers plans to regulate cryptocurrency

FCA delivers plans to regulate cryptocurrency

Regulator releases roadmap setting out a series of consultations

Isabel Baxter
clock 26 November 2024 • 4 min read
News editor's view: Disconnects, deals and debates

News editor's view: Disconnects, deals and debates

The news editor's Friday Night Takeaway from 22 November

Sahar Nazir
clock 25 November 2024 • 2 min read
PA Asks: Is the FCA's pensions targeted support consultation a good move?

PA Asks: Is the FCA's pensions targeted support consultation a good move?

This week’s poll also looks at FOS/FCA modernisation and the Mansion House speech

Professional Adviser
clock 25 November 2024 • 1 min read