Smith & Williamson has appointed Mark Boucher as head of UK equities as he returns to the company after four years abroad, while Charles Deptford has stepped down from the team.
Boucher left the company in 2009 to run money for a US hedge fund and will re-join the investment manager this month.
He will take up his previous role of co-manager of the Enterprise fund alongside Rupert Fleming, and will also become the lead manager of the UK Equity Growth Trust.
Boucher and Fleming previously worked together at Leopold Joseph/Butterfield on a similar mandate.
Mark Swain has also been appointed assistant fund manager of the UK Equity Income Trust, which has resulted in former lead manager Charles Deptford stepping down.
Deptford was previously the lead manager of the UK Equity Growth Trust and the UK Special Situations Trust, as well as assisting Fleming on the Enterprise fund.
Smith & Williamson head of investment management and banking David Cobb (pictured) said he aimed to mirror the fixed income side of the business with the new UK equity structure.
‘Mark Boucher is a very experienced fund manager with an excellent track record and this, combined with his knowledge and understanding of Smith & Williamson, makes him an important hire for us,’ he said.