BT resets small caps team
BT Financial Group has moved to repair the hole created by the resignation of its head of small caps Matt Riordan in late April, by appointing an experienced analyst to the division.
The group has appointed JP Morgan emerging companies research head Noel Webster as portfolio manager within its smaller companies investment management division.
Webster joins Paul Hannan, who stepped in as head of the team following Riordan’s departure, and small companies portfolio manager John Lake, who joined BT in 2003 having previously worked with ABN Amro in New Zealand since 1996.
Webster, who has 11 years industry experience and specialises in the financial, healthcare and industrial sectors, will commence in the new role on June 21. He will report to Hannan.
The latest appointment completes the team which has experienced a spate of changes to it over the past few years.
In early 2003, two BT small cap executives — David Fleming and Glen Hoffman — departed to co-launch fledgling boutique investment firm Renaissance Asset Management, along with former Sagitta property securities head Carlos Cocaro and small caps analyst Damien Barrack.
While back in 2002, former ING portfolio managers Brian Eley and Ben Griffiths, who ran BT small caps, also departed to kick off their own boutique manager — Eley Griffiths Group.
Hannan, who will now steer the small caps team, joined the group following BT’s acquisition of SagittaWealth Management in 2002.
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