Baillie Gifford promotes home-grown talent as named managers on two funds

Joined as grads in 2012

Baillie Gifford has promoted two of its investment managers who joined the firm as graduates in 2012 to be deputies on its £344m Edinburgh Worldwide investment trust and named managers on the group's £315m Global Discovery fund.

Svetlana Viteva and Luke Ward will support Douglas Brodie in running the Edinburgh Worldwide portfolio, which invests in 'initially immature' entrepreneurial companies. They replace current deputy John MacDougall, who will remain a key fund manager within Baillie Gifford's Long Term Global Growth team, the group said. Both Viteva and Ward, who are investment managers in the Global Discovery team, will also become named managers on the £315m Baillie Gifford Global Discovery fund from 1 January, alongside lead manager Brodie. Baillie Gifford's Whitley to step down after 37 years at t...