RWC Partners continues US expansion with senior move
RWC Partners is expanding its network in the US with James Tollemache, Head of Business Distribution, moving to its Miami office to continue the development of the organisation’s presence in both onshore and offshore US markets.
This move is a show of commitment to a market that is growing for RWC as institutions globally are increasingly attracted by its specialist strategies as an alternative to more mainstream funds.
James has been at RWC for more than ten years and joined the business from JPMorgan Asset Management alongside RWC CEO Dan Mannix. Over that period the company has grown from approximately USD 800m AUM to USD 15bn, spread across nine teams. These include the $5.5bn Global Emerging Markets strategy, headed by John Malloy and James Johnstone, and its recently acquired European equity team Pensato Capital, headed by ex-Fidelity manager Graham Clapp.
Dan Mannix, CEO, commented:
“RWC has been building a range of strategies across key asset classes run by well-known managers and we now have a growing reputation amongst US institutions. The decision for James and his family to move to the US is a further crucial step for RWC in the support of the US institutions that are increasingly investing across our product range. I have worked with James for more than 13 years and he embodies RWC’s culture and ethics. Having him in the US is a definitive sign of our commitment and the potential we see.”
James Tollemache commented:
“Moving to the US with RWC could not be happening at a more exciting time for the organisation. We have the fund structures and investment talent across asset classes, with long-term outperformance from, among others, John Malloy and James Johnstone’s Emerging and Frontier Equity team, Louise Keeling’s Global Equity funds and the European Activist strategy managed by Maarten Wildschut and Petteri Soininen. With the addition of Graham Clapp, whose European Equity business RWC recently acquired, and our long-standing reputation in Convertibles and Enhanced Equity Income, we have funds that both US onshore and offshore investors can access. I am looking forward to continuing to help develop our business in this market.”