Barings hires ex-Sarasin global income manager ahead of fund launch

Baring Asset Management has appointed former Sarasin & Partners' head of equity income Darryl Lucas as global equity income manager, ahead of a product launch in this area.

Lucas's (pictured) departure from Sarasin to Barings was announced in November last year. His Global Dividend and Global Higher Dividend funds were taken over by Simon Steele, who joined the company from charity investment manager CCLA to co-manage Sarasin's global equity income mandates. In his new role, Lucas will be based in London and will report to head of multi-asset Marino Valensise. Barings said the appointment further develops its income capability, which will sit as a "core pillar" alongside its equity, multi-asset and specialist fixed income capabilities, with product launc...