NewSmith Asset Management has appointed Matthew Wright as partner and head of UK and European distribution.

Formerly head of UK distribution at Carmignac Gestion, one of Europe’s largest asset managers, the appointment is part of NewSmith’s continued development following SuMi Trust’s investment in its parent company, NewSmith LLP, in 2012.

Paul Roy, executive chair of NewSmith Asset Management, said, “[Matthew’s] appointment marks a significant development for NewSmith, where we are planning to broaden the distribution of our investment strategies.

“Our existing stable of equity investment products will be an attractive addition to the UK and European wholesale market, together with other new managers and products across key IMA sectors, which we plan to launch.”

Source: Portfolio Adviser.  Read full article here.