U Ethical Investors has promoted its deputy chief investment officer (CIO), Jon Fernie, as its CIO following the retirement of James Cook.
The investment manager said an external search to fill the role started in June and its selection panel determined Fernie, who was also the head of equities, was the ideal candidate.
Fernie had over 15 years of experience in the financial services industry and had been with U Ethical for five years.
“I look forward to building on the strong investment and ethical outcomes that James has delivered for investors over the last five years. We have a great team in place to maintain the momentum and I am excited about the future,” Fernie said.
Commenting on the departure of Cook, U Ethical’s chief executive, Mathew Browning, said: “James’ influence on U Ethical’s journey as a best in class ethical investment manager has been profound and enduring and we shall continue to enjoy his legacy for many years to come. We wish him every success with the next phase of his life and look forward to keeping in touch”.