Veritas splits private client and fund arms in overhaul

clock

Veritas is to divide its asset management and private client businesses into two separate groups, in an overhaul of the company's structure.

The reorganisation of the business will see the private client business re-named Veritas Investment Management. The group's fund and institutional business will retain the name Veritas Asset Management. The asset management business will be led by Charles Richardson, the current chairman (pictured), who runs the group's popular £2.2bn Global Equity Income fund. He stepped down as CEO earlier this year. Richardson is now one of four principles running the business, alongside fund managers Andy Headley and Ezra Sun, as well as chief operating officer Richard Grant. The £7.5bn asse...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Industry

PwC: Asset managers look to AI M&A to bolster growth

PwC: Asset managers look to AI M&A to bolster growth

Global AUM forecast to hit $171trn by 2028

Cristian Angeloni
clock 19 November 2024 • 2 min read
FCA's Nikhil Rathi registers interest for top civil service job - reports

FCA's Nikhil Rathi registers interest for top civil service job - reports

FCA term to end next year

Linus Uhlig
clock 19 November 2024 • 2 min read
Reeves to create LGPS and DC 'megafunds' in Mansion House growth bid

Reeves to create LGPS and DC 'megafunds' in Mansion House growth bid

‘Biggest pension reforms in decades’

Martin Richmond
clock 14 November 2024 • 3 min read
Trustpilot