Brown Shipley's fund management arm Solus has rejigged its investment team line-up following Peter Botham's recent appointment as chief investment officer following the acquisition of investment boutique Bollin Asset Management.
Mr Botham took over from Kevin Doran, who had been CIO since July 2004 and is now focusing totally on managing and developing the Solus Sterling Bond fund with the specific aim of taking the fund to a much bigger and wider audience over the next three years, including independent financial advisors, multi-managers and other private banks.
Paul Harwood will become fund manager of UK Special Situations. Mr Harwood has been an investment consultant to Brown Shipley since 2002 and was previously a director of Mercury Asset Management and a managing director of Merrill Lynch Asset Management. The Solus UK Flagship fund will continue to be managed by John Smith.
Ian Sackfield, Brown Shipley's head of private banking and managing director of Solus, said: "I believe we now have our strongest ever investment team across the Solus range of collective funds. This underlines our commitment to the Solus funds and determination to really make a mark for the benefit of our investors."
Brown Shipley is owned by KBL, itself part of Belgian major KBC.