Schroders appointed by Santander Asset Management to manage £1.2 billion of UK Equities mandates

Schroders is today announcing that it has been appointed by Santander Asset Management (SAM) to manage six UK Equities mandates.

The mandates amount to £1.2 billion* of assets and comprise £1 billion of UK Growth assets and £200 million of UK Income assets.

The mandates that Schroders will manage consist of the Santander UK Growth Unit Trust, Santander Equity Income Unit Trust and Santander Enhanced Income Portfolio, as well as three UK-equity mandates within SAM Multi-Asset funds. The funds will continue to be SAM branded.

The transition will involve SAM’s UK Equity investors, Graham Ashby (Citywire A-rated) and Duncan Green moving to Schroders as Portfolio Managers, alongside Ashley Thomas who will join as a Research Analyst, to continue to manage these assets.

Rory Bateman, Schroders’ Head of Equities, commented:

“We believe there is a strong cultural fit between the investment teams, characterised by a shared commitment to delivering excellent performance and meeting the investment needs of clients. We are excited that such talented Equity investors will be joining the Schroders Group and enhancing our well established UK Equities business.”

*As at 30 June 2020