Rathbone Unit Trust Management has hired Sanlam Investments’ former head of asset management as chief investment officer.
Tom Carroll will take over the role in 2022 when Julian Chillingworth retires.
Carroll co-founded Sanlam Investments, formerly Four Capital Partners, in 2006, where he also held the roles of head of investment and risk.
He was previously part of Schroders’ specialist UK equity team, and prior to that spent six years as a UK equities fund manager for M&G Investments.
In the new role, Carroll will be responsible for overseeing the investment and investment risk teams.
Elizabeth Savage and Edward Smith, currently head of research and head of asset allocation research respectively, were previously appointed co-chief investment officers in July to work with Chillingworth until he retires.
Mike Webb, chief executive of RUTM, said: “We’re very pleased to have found someone of Tom’s experience and stature to join our team.
“The CIO role is vital to our activities in the fund management business, providing a framework of oversight and governance which gives our fund managers the freedom to express their investment views, while also ensuring the integrity of their individual investment processes."
Carroll added: “I am thrilled to join a business with the reputation for excellence that RUTM enjoys.
“The quality of the investment and management teams and the strength of the support framework put the business in a uniquely strong position for the future and I am excited to be a part of that.”