Baillie Gifford Emerging Markets Equity:
Head of emerging market equities at Ballie Gifford Richard Sneller is set to retire in April 2020, after more than 25 years with the firm. Sneller, who has been with Baillie Gifford since 1994 and has managed the emerging markets mutual funds since 2003, will be succeeded by Will Sutcliffe. Sneller will also step down from the £1.1bn AUM Baillie Gifford Emerging Markets fund, which will see Ewan Markson-Brown added to the team alongside Mike Gush and Andrew Stobart. He will continue to co-manage Baillie Gifford’s Emerging Markets Growth and China funds until his departure, with any further management changes to be announced in “due course”, a spokesperson said.
Barings Global Resources:
Barings’ head of global resources Duncan Goodwin is leaving the firm, handing over the running of the Barings Global Resources fund to Clive Burstow and James Govan. Goodwin has managed the $332m fund since 2014, having joined the firm from Martin Currie in January of that year. Co-manager Burstow and Govan – members of Barings’ specialist global resources team – have assisted Goodwin during his tenure and will now run the fund as co-managers. Burstow will also assume Goodwin’s role as head of global resources. Burstow joined Barings as an investment manager in the global resources team in June 2011, having previously held roles at BlackRock and AllianceBernstein, and specialises in the analysis and investment management of materials companies.