Webb oversees rebirth of Rathbones

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With assets of over £900m, Rathbones Unit Trust Management (RUTM) has critical mass, but the challenge for Mike Webb, its recently appointed chief executive, is rebuild it to pre-Lehman levels.

Its flat bureaucracy makes it attractive to experienced managers, a fact reflected in the tenure of its senior investment team, all of whom have been with the firm for at least nine years. With just five funds and two multi asset funds of funds, RUTM definitely has room to expand in the future. It is fair to say the kind of momentum that saw RUTM grow to £2.2bn of assets before the crunch has not yet fully returned. Its funds encountered net redemptions of £41m in the first half of 2010. While not ideal, Webb noted it was still far less than the £180m withdrawn in the corresponding pe...