Citywire A-rated industry veteran Vincent Strauss is to retire from fund management in early 2016, French asset manager Comgest has announced.
Strauss had stepped back from his role as chief investment officer in January, with Arnaud Cosserat assuming the position.
This had seen Strauss, who has run funds across global and emerging market equities, retain his post as chief executive officer but he has now announced he will retire from the industry on March 1 2016.
Following his retirement, Cosserat will also assume the role of CEO, while several fund manager changes have been announced for funds currently overseen by Strauss.
Citywire AA-rated David Raper and Citywire A-rated Charles Biderman have been assigned to work as part of the portfolio management team on the €2.6 billion Magellan and the €3 billion Comgest Growth Emerging Markets funds.
They will work alongside existing managers Wojciech Stanislawski and Emil Wolter, who had worked alongside Strauss since 1999 and 2012, respectively. Raper is part of the firm’s Asia-focused team, while Biderman is a Latin American expert.
This €242 million emerging market fund is currently overseen by Stanislawski and Citywire AA-rated Galina Besedina. Besedina was assigned to the fund in August 2013 alongside then lead manager Jean-Louis Scandella, who has since joined Barings.