Portfolio Manager Stepping Down Next Year

RNS Number : 2904B

Schroder UK Mid Cap Fund PLC

06 October 2015

 

6 October 2015

Portfolio Manager Stepping Down Next Year

Schroder UK Mid Cap Fund plc (the "Company") announces that Rosemary Banyard has decided to leave Schroders, and will be stepping down as the Company's lead portfolio manager with effect from 31 March 2016. Rosemary will continue to manage the portfolio until that time, following which Andy Brough, who has co-managed the portfolio with Rosemary since Schroders was appointed Manager in May 2003, will assume lead manager responsibility for it.

The Chairman, Eric Sanderson, commented:

"Rosemary and Andy have done an excellent job in managing the portfolio on behalf of Schroders. The Board will have an opportunity next year to formally put on record its appreciation of Rosemary's contribution over the past 12 years and is pleased that Andy will provide continuity in the future.

The Board has been kept informed of Schroders' plans to keep the team at full strength and understands that it is about to announce the hiring of a senior fund manager in order to achieve this. We look forward to continuing to work with the team to aim for a repeat of the Company's considerable success over the last 12 years."

Enquiries:

Eric Sanderson

Chairman                                                                                                           020 7658 6501

 

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