Rathbones Asset Management (RAM) is making significant strides as it ventures for the first time beyond its borders to enter the Asia ex-Japan and global emergent markets. To oversee this ambitious expansion, the firm has appointed three seasoned fund managers, each bringing invaluable expertise to the table. These new hires will be based out of London and report directly to Tom Carroll, the chief executive of RAM.
Lisa Lim has been appointed as head of Asia ex-Japan equities and fund manager. Prior to joining Rathbones, Lim honed her skills at Prusik Investment Management, where she was a partner and portfolio manager. She played a pivotal role in establishing and leading the firm’s sustainable investing capabilities, paving the way for responsible investment practices. Before her tenure at Prusik, Lim served as a fund manager at Columbia Threadneedle for more than ten years, where she managed significant institutional portfolios focused on Asia equities. Beyond her professional accolades, she is also committed to philanthropy, serving as a board trustee and on the investment committee of Foundation Scotland. Lim is also recognized as an independent non-executive director (INED) for Sime Darby Properties.
Tim Love joins as the head of global emergent market equities and another fund manager for RAM. With nearly 40 years of investment experience, Love’s reputation precedes him. Before his new role, he served as Investment Director at GAM for twelve years, overseeing various investment strategies. His extensive background includes managing long and short emergent market equities at notable firms like CQS, as well as leadership positions at BlackRock and HSBC Asset Management, where he garnered significant international experience working out of Hong Kong and New York. Also, Love is distinguished as a Chartered Alternative Investment Analyst (CAIA).
Joining Love is Joaquim Nogueira, who has worked with Love for over two decades. Nogueira was part of GAM’s emergent market equity team from 2012 to 2024 and has also held positions at CQS and Cazenove Capital Management, where he specialized in managing portfolios centered around long and short emergent market equities. His experience is underscored by his previous senior roles on the sell-side, which began at ING Barings international.
Tom Carroll, the CEO of Rathbones Asset Management, expressed his enthusiasm about these new appointments, stating, "We are very pleased to welcome individuals of Lisa, Tim, and Joaquim’s experience to Rathbones Asset Management. For the first time in our history, we are introducing specialist fund management expertise to invest in Asia ex-Japan and global emergent market equities." Carroll emphasized how this strategic hiring aligns with their five-year growth vision, whereby RAM actively seeks opportunities to bolster its investment offerings and extend its product suite.
Rathbones has been on an upward trend, with profits soaring 73% recently, but this expansion signals their ambition to diversify their investment strategies even more. The integration of individual talents like Lim, Love, and Nogueira is expected to complement the existing investment framework, as they plan to launch new funds pending regulatory approval. This move promises to enrich the firm’s portfolio and provide clients with broader access to fast-growing markets.
Investors are curious to see how RAM’s venture will play out within the competitive financial services environment. By stepping earlier than many of its peers, Rathbones Asset Management exemplifies proactive leadership within wealth management, seeking to tap the growing potential of the Asia and emergent markets.