Martin Currie continues global growth ambitions with appointment of key investment hire
22 May 2018
- Expert stock picker, Martin Currie drives global growth focus with appointment of Zehrid Osmani
- Skill set, investment philosophy and experience are the perfect match for active equity specialist
- Company and clients will benefit from the advantage of a planned transition period
Martin Currie, the active equity specialist, continues to drive its global growth ambitions, with the appointment of key strategic hire, Zehrid Osmani, to lead its Global Long-Term Unconstrained (GLTU) team. Zehrid’s appointment builds on Martin Currie’s equity capability, as it looks to further extend its presence in the institutional and wholesale markets.
Based in Edinburgh, Zehrid, who joined the business on 14th May reports into John Pickard, Head of Investment.
Zehrid has taken over from industry veteran, Tom Walker, who has stepped down as team head as part of a considered succession plan. Tom and Zehrid will work together during a transitional period, which will involve the gradual handover of Tom’s key responsibilities.
With over 20 years' experience, Zehrid brings a depth of knowledge and relevant skills to the role. He joins from BlackRock where, during his ten years at the company, he played a key part in building their successful European equity franchise. He held a number of senior roles there, including Head of European Research, with responsibility for a 23-strong team of analysts. In this role, he developed and implemented a fundamental research platform, demonstrating his strong understanding of equity research.
Zehrid was also responsible for managing a number of pan-European equity funds at BlackRock, with a specific focus on managing the team's unconstrained, high conviction, long term portfolios, driven by fundamental research.
Prior to this, Zehrid managed equity portfolios at Scottish Widows Investment Partnership (SWIP), and was a specialist sector analyst at Commerzbank Securities, UBS Warburg and Credit Lyonnais.
John Pickard, Head of Investment at Martin Currie commented:
‘Zehrid is an outstanding appointment. With such a well-established career in equity investment, he brings experience in high conviction portfolio construction, team leadership and business development. He is the perfect fit with our investment philosophy and our ambition to accelerate the growth in our assets under management.
‘It’s great to welcome Zehrid to the team.’
Zehrid Osmani commented:
‘I was able to relate to Martin Currie’s investment philosophy and their differentiated, active approach. I have a strong track record of managing unconstrained concentrated strategies, which aligns itself perfectly to the Martin Currie team’s belief in high conviction equity portfolios, based on fundamental proprietary research analysis.
‘And as the flagship international active equity specialist within the Legg Mason group, there are also exciting opportunities for Martin Currie to leverage the capability of one of the world's largest asset management firms and grow assets. I'm delighted to be joining a firm with a dynamic and innovative culture led by an outstanding management team, and an excellent team of investment professionals. I look forward to working with the team and driving the GLTU capability forward.’
Tom Walker at Martin Currie said:
‘I am very pleased that we have appointed a strong and experienced equity investor, with proven leadership skills to work with our talented GLTU team. This demonstrates our commitment to the ongoing success of this investment capability.
‘I feel privileged to have had the opportunity to lead and shape a great team and will work with Zehrid to implement the next phase of growth in our GLTU strategy.’
Martin Currie manages over US$500 million in its GLTU strategies and oversees a total of US$19 billion in assets under management as at end March 2018 across its four key investment strategies: Market Aware; Long-Term Unconstrained; Sustainable Income and Growth; and Absolute Returns.
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Notes to editors
Martin Currie is an active equity specialist, crafting high-conviction portfolios for client-focused solutions. Investment excellence is at the heart of our business. Central to this philosophy is a stock-driven approach, based on in-depth fundamental research, active ownership of companies and skilled portfolio construction. As an affiliate of Legg Mason, we also have the backing of one of the world’s largest asset management firms.
- Has delivered positive increase in Assets under Management during 2017, posting an AUM increase of 38% (Source: Martin Currie for year to 31 December 2017).
- LM manages US$ 767 billion assets under management as at 31 December 2017 and offers global access to 39 locations worldwide.
Our Global Long-Term Unconstrained (GLTU) product range
- Invests in global companies that can deliver a sustained return on invested capital (ROIC), the strategy seeks to generate a long-term real return with the expectation of lower volatility than the broader market.
- The research process conducts in-depth due diligence on companies incorporating the analysis of ESG factors and our proprietary accounting diagnostics.
- The strategy has a long-term investment horizon with low turnover, delivering the benefit of compounding returns from high quality companies.
This information is issued and approved by Martin Currie Investment Management Limited (‘MCIM’). It does not constitute investment advice. The information has been compiled with considerable care to ensure its accuracy. But no representation or warranty, express or implied, is made to its accuracy or completeness. Martin Currie has procured any research or analysis contained for its own use. Any opinions expressed are subject to change without notice.