Nick Clay was named head of RWC Partners' newly created global equity income team.
The team was created following the liftout of Newton Investment Management's four-person global equity income team, a spokeswoman said.
Andrew MacKirdy, Robert Canepa-Anson and Colin Rutter were also hired in newly created positions that have yet to be determined, a spokeswoman said. The effective date of the appointments was not available.
They will launch a global equity income strategy for RWC Partners, which has about £3 billion ($3.5 billion) as of March 19 in U.K. equity income strategies and a total $18 billion in assets under management as of Feb. 28.
"Although we find ourselves living in extraordinary times, our structure allows us to focus on the longer term. We are a privately owned organization, which affords us the commitment and stability to continue to develop the services we offer to our clients," Dan Mannix, CEO at RWC Partners, said in a news release.
"Nick has highlighted that the way we are structured and operate was a significant component of his decision to join us. We are centered around having strong corporate stability and autonomous investment teams, each of which is highly experienced and deeply trusted," Mr. Mannix added.
Ilga Haubelt will replace Mr. Clay as head of equity income at Newton Investment Management, a spokeswoman said. She will be responsible for Newton's global equity income strategy, which was managed by Messrs. Clay, MacKirdy, Canepa-Anson and Rutter.
Ilga Haubelt will replace Mr. Clay as head of equity income at Newton Investment Management, a spokeswoman said. She will be responsible for Newton's global equity income strategy alongside co-lead managers Robert Hay and Paul Flood as well as Jon Bell, commercial investment director. The fund was managed by Messrs. Clay, MacKirdy, Canepa-Anson and Rutter.
Ms. Haubelt was head of equity opportunities at Newton. Charles French, deputy chief investment officer, will take over her responsibilities.
