Matthew Benkendorf was appointed chief investment officer of quality growth equities boutique Vontobel Asset Management, a spokesman said.
Mr. Benkendorf replaces Rajiv Jain, who will leave the firm at the end of May to “realize (his) own entrepreneurial plans,” a news release said.
The quality growth boutique manages global and regional long-only equity portfolios. It has $48.1 billion in assets under management. Parent Vontobel Group has a total 187 billion Swiss francs ($188 billion) in assets under management.
Mr. Benkendorf will take over as lead portfolio manager of Vontobel’s flagship global equity, Europe, Australasia and Far East, and emerging markets equity investment strategies.
“Rajiv Jain’s outstanding contribution has been the bedrock for the firm’s success over the past 22 years,” said Axel Schwarzer, head of Vontobel Group, in the news release. “As (Mr. Jain) is handing over responsibility to (Mr.) Benkendorf, we are delighted to rely on our strong succession planning and to broaden out our investment leadership.”
Mr. Benkendorf was previously managing director and portfolio manager. The spokesman said he retains those responsibilities.