Baillie Gifford has appointed Mike Gush as co-manager of the Pacific Horizon Investment Trust alongside Gerald Smith.
It is anticipated Gush will succeed Smith as manager with effect from 1 February 2009, when the Board of Pacific Horizon intends to invite Smith to become a director of the Company.
Smith has managed the Pacific Horizon Trust since 1995, however, in recent years Baillie Gifford has been adopting a more team-based approach to stockpicking.
Gush joined Baillie Gifford in 2003 and has been part of the emerging markets team since 2005. He has worked closely with Smith on the management of global emerging markets portfolios for institutional clients for two years, with a focus on Asian markets.