Ratings on two Colonial First State (CFS) funds remain unaffected following the resignation of the health care sector specialist, Premal Pajwani, researcher Standard & Poor’s (S&P) has announced.
S&P said it was comfortable with interim arrangements currently in place, which was the key in making a decision on CFS Wholesale Global Share and Geared Global Share fund ratings.
Pajwani will remain with the business for the next three months to ensure a smooth handover of his responsibilities, while his sector coverage will be assumed by the team’s two consumer specialists.
Both consumer specialists have prior experience in the health care sector and they will perform the role until a suitable replacement can be found, the researcher said.
Pajwani has been with the team for four years.
