Barings’ head of equities departs

12 May 2014   Category: News, Asia, Global, Hong Kong, Europe, United Kingdom   By Daniel Shane

Baring Asset Management (Barings), the London-based fund manager with US$59.3 billion AUM, has announced the departure of its Global Head of Equities Tim Scholefield.

Mr. Scholefield, who joined Barings in 2006 from Scottish Windows, will be succeeded by Jean-Louis Scandella, who joins from June 2. Mr. Scandella arrives from French boutique equity manager Comgest, where he spent the last seven years.

He will be responsible for Barings’ equity teams in both London and Hong Kong, and will also join the firm’s investment committee. Mr. Scandella will report to Chief Investment Officer Marino Valensise.

"We are pleased to welcome Jean-Louis to Barings. He has a deep knowledge of equity investing, with experiences both as a business leader and as a fund manager,” said Mr. Valensise, in a statement.

"He brings with him a strong bottom up driven investment philosophy and a successful track record in managing emerging market equities achieved through a disciplined approach to “quality growth”, a style very similar to Barings' GARP (Growth At Reasonable Price)."

Barings’ equity funds include the Baring Hong Kong China Fund, with AUM of $2.19 billion, which invests in listed stocks in both Hong Kong and Mainland China.