Swiss group Mirabaud Asset Management has confirmed the departure of Geneva-based global equity specialist Malcolm White.
White, who joined the company from Argos Investment Managers in 2008, had been co-manager on the Mirabaud – Equities Global fund since its launch in December 2010.
He had worked on the €29 million, Luxembourg-domiciled fund alongside Odile Bevan.
At the same time as White’s departure, Bevan has been reassigned to other fund manager responsibilities within Mirabaud.
It has not yet been revealed where White is heading upon his exit from Mirabaud.
This marks the first fund handed to the global equity income specialist since he joined Mirabaud in its London office.
The appointment of Narula is part of wider moves by Mirabaud to bolster its fund manager line-up over the past year.
This has seen Mirabaud also hire emerging markets expert Daniel Tubbs, high yield specialists Fatima Luis and Andrew Lake, convertibles bond manager Nicolas Cremieux and Swiss equities manager Simon Götschmann.
The Mirabaud – Equities Global fund has returned 24.39% in euro terms between December 2010 and July 2013. This compares to a rise of 26.17% by its Citywire benchmark, the MSCI World NR USD, over the same period.