LV='s Graham Ashby joins Ignis - What Investment

Ignis Asset Management has appointed Graham Ashby as manager of the ￡90.6 million Ignis UK Equity Income fund.

Ashby joins the business from LV= where he was lead manager of its UK Equity Income fund.

He will replace outgoing manager Martin Brown, who has been running the fund since October 2008.

Ashby has more than 21 years of investment experience and was recently head of UK equities at LV= Asset Management, where he oversaw ￡1.3 billion of assets.

He was previously head of UK retail equities at Credit Suisse Asset Management and was lead manager of three of its UK equity income funds.

Mark Lovett, CIO for equities at LV= Asset Management, commented, ‘I have experienced his pragmatic and intuitive approach to investment first-hand at Deutsche Morgan Grenfell and he will be a valuable addition to the Ignis UK equity team.’

Ashby added, ‘My aim is simple – to achieve top quartile performance on a consistent basis for the Ignis UK Equity Income fund and to further enhance Ignis’ reputation for investment excellence within the marketplace.’

His appointment follows that of Mark Holden, who was brought on as manager of the Ignis UK Focus fund in October last year.

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