Artemis hands CIO role to Saacke as Keattch retires

Artemis hands CIO role to Saacke as Keattch retires

Artemis’ Peter Saacke has taken on the role of chief investment officer (CIO) at the firm, replacing the retiring Ruth Keattch.

Investment Adviser can reveal Ms Keattch is to retire from the fund management industry in the first quarter of 2016, following a financial services career spanning more than three decades.

First rising to prominence as an analyst and then head of equities at stockbroker Granville, Ms Keattch made her name in the fund management industry at Deutsche Asset Management between 2001 and 2005.

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She then moved to Troy Asset Management before heading to Artemis in 2008, co-managing the £1.2bn UK Special Situations fund alongside Derek Stuart until 2013.

Ms Keattch then took on the CIO role full-time, and the position has since been strengthened further via the addition of a trio of staff focusing on corporate governance, broker relations and front office issues.

This trio will now support Mr Saacke, who heads the firm’s £466m Global Growth fund and is co-manager of the recently-launched Global Emerging Markets Oeic, as he takes the role from Ms Keattch.

Mr Saacke will chair the firm’s monthly investment committee as a result of the change. A spokesman for the fund house confirmed Artemis managers will continue to work in accordance with their own investment processes, rather than conforming to a house view.

The move comes shortly after Artemis senior partner and co-founder Mark Tyndall stepped back into a non-executive role. Mark Murray, chief operating officer since 2001, took over as senior partner at the end of 2015.