The investment manager has confirmed that current CIO James Cook will step down at the end of the year and will be replaced by deputy CIO and head of equities, Jon Fernie.
Since joining the company five years ago, Mr Fernie has led U Ethical’s Australian and global equities portfolios. Prior to joining the group, Mr Fernie has worked in financial services across Australia and the UK, including at global investment bank UBS.
“I look forward to building on the strong investment and ethical outcomes that James has delivered for investors over the last five years,” Mr Fernie said.
“We have a great team in place to maintain the momentum and I am excited about the future.”
U Ethical CEO Mathew Browning paid tribute to Mr Cook’s tenure, describing it as “profound”.
“We wish him every success with the next phase of his life and look forward to keeping in touch,” Mr Browning said.
“James will leave very big shoes to fill, and it was gratifying to see Jon emerge as the best candidate to fill them, bringing deep ethical investment expertise along with continuity and stability for our clients.”
Neil Griffiths
Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.
Neil is also the host of the ifa show podcast.
