Bankers Investment Trust names Richard Clode as co-fund manager

Bankers Investment Trust PLC on Wednesday said it has appointed Richard Clode as co-fund manager alongside Alex Crooke.

The London-based investor said Clode will also take on management of the firm’s North American portfolio from the end of October.

Clode joined Janus Henderson as a portfolio manager in 2014. The Global Technology Leaders fund, which he co-manages, has been top quartile over 1, 3 and years under his tender, Bankers Investment Trust noted, and has returned more than 500% over the last decade.

He was previously portfolio manager at Herald Investment Trust PLC.

After a two-month handover period, Clode will take over management of the North American sleeve. The company said his ‘significant experience investing in technology will be particularly valuable’ given the dominance of tech in the US.

‘The board welcomes Richard in his new role as co-fund manager, to which he brings many years of experience and a proven track record of performance,’ said Chair Simon Miller.

‘The board look forward to working closely with both Richard and Alex, whose combined expertise will be of great value to the company and its shareholders.’

Shares in Bankers Investment Trust were up 0.8% at 123.23 pence in London on Wednesday morning.

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