Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Cazenove Capital European equity star Chris Rice to exit

Cazenove Capital European equity star Chris Rice to exit

Wealth Manager can reveal Cazenove Capital Management’s (CCM) star European manager Chris Rice is leaving the firm in July, which will see his flagship European funds handed over to Steve Cordell.

Rice (pictured), who has been at the firm for a decade and in the industry for over 20 years, is leaving to take a break.

His £1 billion Cazenove European fund and European Equity ex UK fund will be managed by Steve Cordell, who has over 19 years’ investment experience.

Rice is also co-manager of the recently launched European Income fund, which will be solely run by current co-manager James Sym.

Following the announcement of Schroders’ acquisition of the firm revealed by Wealth Manager earlier this year, there were concerns Cazenove’s Business Cycle team would see its process taken over by Schroders.

Cazenove has confirmed the team will remain independent and will be headed by Julie Dean, director and fund manager at Cazenove.

Chris Taylor, Schroders' current head of equities management, will become Head of Equities Investment Operations to support the CCM team to ensure that operational requirements are managed separately and do not impact fund management activities.

The Business Cycle team comprises Matt Hudson, David Docherty, along with Cordell and Sym and a range of analysts.

Andrew Ross, chief executive of the firm said: ‘I would like to thank Chris for all his hard work over the years and wish him well for the future. I am confident that the business cycle team will continue their success under the leadership of Julie Dean.

‘Steve Cordell and James Sym are excellent successors for the management of our European funds.’

Rice said: ‘After 22 years in the industry, I feel that I need a break and the transaction has crystallised those thoughts. It would be unfair on all concerned not to be open about this.

‘I am very supportive of the transaction and have a great amount of respect for Schroders: I see it as a natural home for the team.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

David Docherty
David Docherty
137/152 in Equity - UK (All Companies) (Performance over 3 years) Average Total Return: 31.40%
Matthew Hudson
Matthew Hudson
33/78 in Equity - UK Equity Income (Performance over 3 years) Average Total Return: 55.32%
Christopher Rice
Christopher Rice
59/85 in Equity - Europe Excluding UK (Performance over 3 years) Average Total Return: 46.00%
James Sym
James Sym
83/103 in Equity - Europe Excluding UK (Performance over 1 year) Average Total Return: 4.43%
Steve Cordell
Steve Cordell
85/103 in Equity - Europe Excluding UK (Performance over 1 year) Average Total Return: 4.26%
Julie Dean
Julie Dean
Citywire TV
Citywire TV
Citywire TV
Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Play Europe bulls, a retail boost and why a little inequality can be a good thing

Europe bulls, a retail boost and why a little inequality can be a good thing

This week’s Investment Pulse looks at whether investors should be bullish on Europe, the surprise rise in UK retail sales and if a little inequality is a good thing.

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter