Stonehage Fleming has promoted Nick Burchett to take on full management of the TM Stonehage Fleming Opportunities fund and the TM Stonehage Fleming AIM fund as Paul Mumford (pictured) steps into a senior fund adviser role.
Mumford created the Opportunities fund in 1988 and the AIM fund in 2005, and holds over 60 years of experience in the UK investment industry. He spent the majority of his career with Cavendish Asset Management until it was acquired by Stonehage Fleming in 2020.
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Burchett has worked with Mumford for the last seven years on the funds. Previously, he spent almost three decades at Investec where he was head of dealing.
“I feel very honoured to be taking full charge of the TM Stonehage Fleming Opportunities fund and the TM Stonehage Fleming AIM fund. I am enormously grateful to Paul for his support as I take them forward. The prospect of seeking further opportunities for the medium-to-long-term benefit of investors is an immensely exciting one,” Burchett said.
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Graham Wainer, CEO of Stonehage Fleming Investment Management, added: “Nick has demonstrated his deep knowledge and investment experience managing two of our flagship funds alongside Paul. It is only natural, therefore, that Nick steps up to take on the leadership role. I would like to take this opportunity to thank both Paul and Nick for their hard work and ongoing commitment to the firm.”