Fundsmith adds three partners

Terry Smith’s asset management company Fundsmith has appointed Conrad Rey, Greville Ward and Daniel Washburn as partners. These appointments are subject to FCA approval.

Rey serves as sales director at Fundsmith, responsible for relationships with intermediaries, while Ward manages relationships with high net worth individuals and international investors and Washburn, research analyst, works alongside Smith and head of Research, Julian Robins.

Smith (pictured) said: “All three have been with Fundsmith since inception and are core members of our team, having made significant contributions to the firm’s development. It is therefore appropriate that they should share directly in it, further aligning their interests with the success of the firm and our funds.”

“My existing fellow partners and I remain firmly in place and are delighted to expand our partnership. This is an important step in the development of Fundsmith, and one which will be followed by further initiatives to broaden and strengthen the firm as we seek to ensure we continue to provide a worthwhile service to our investors for a long time to come.”

Other partners include Terry Smith (CEO-CIO), Mark Laurence (COO), Simon Godwin (CFO) and Julian Robins.

As of end July 2018, AUM of the Fundsmith Equity fund reached £16.2bn and since inception, the strategy delivered net returns of 296.8% or 19.5% on an annualised basis.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

Close Window
View the Magazine

I also agree to receive editorial emails from InvestmentEurope
I also agree to receive event communications for InvestmentEurope
I also agree to receive other communications emails from InvestmentEurope
I agree to the terms of service *

You need to fill all required fields!