The investment manager has confirmed that current CIO James Cook will step down at the end of the year and be replaced by Deputy CIO and Head of Equities, Jon Fernie.
Since joining the company five years ago, Mr. Fernie has led the Australian and global equity portfolios of U Ethical. Prior to joining the group, Mr. Fernie worked in financial services in Australia and the UK, including with global investment bank UBS.
“I look forward to building on the strong investment and ethics results that James has provided to investors over the past five years,” said Fernie.
“We have a great team in place to keep the momentum going and I’m excited for the future. “
U Ethical CEO Mathew Browning praised Mr Cook’s tenure, describing it as “deep.”
“We wish him every success in the next phase of his life and look forward to staying in touch,” Mr. Browning said.
“James will leave some really big shoes to fill, and it was gratifying to see Jon emerge as the best fit to fill them, bringing deep ethical investing expertise as well as continuity and stability to our clients.”
Neil is the associate editor of wealth headlines including ifa and InvestorDaily.
Neil is also the host of the ifa show podcast.