Mark Denham was named head of European equities at Carmignac, said a spokesman.
Mr. Denham will join in October. He replaces Muhammed Yesilhark, who left Carmignac in March. Further details were not available by press time.
Mr. Denham will be based in London and will manage the Carmignac Grande Europe and Carmignac Euro-Patrimoine funds, which have a combined €418 million ($470.2 million) of assets under management.
“Our aim is to achieve robust, steady performance, based on a culture of long-term investing,” said Edouard Carmignac, founder and chairman of the firm, in a news release Tuesday. “This is at the essence of our Patrimoine investment approach. (Mr. Denham) understands this focus and his experience, track record and investment style make him the ideal leader to drive that ambition forward.”
Mr. Denham was previously head of pan-European equities at Aviva Investors in London, said the release. A spokesman could not be reached for comment by press time.
Carmignac has €51 billion in total AUM.
