European head Russell quits Cazenove

Cazenove's Tim Russell is stepping down from his position as head of pan-European equities.

Chris Rice will take over as head of pan-European equities while Steve Cordell, a senior member of the pan-European equity team, will assume responsibility for the Cazenove UK Absolute Target fund and the UK core offshore hedge funds, supported by Julie Dean. Russell, who has spent 26 years in the investment industry, will leave the firm in July to take a career break. The reshuffle marks long/short manager Cordell's return to managing retail money. He joined the business with Russell and Rice from HSBC in 2002 and is manager of the Cazenove Pan Europe fund. He has co-managed the Euro...