UK equity manager Mark Wharrier has quit Stephen Zimmerman’s NewSmith Capital Partners to return to his old stamping ground.
He left Merrill Lynch Investment Partners nine years ago to work with his former MLIM colleague Steve Thompson, leader of NewSmith’s UK equity team, and associate Richard Milliken.
The team played a key role in driving NewSmith’s growth and currently manages £1 billion. Sumitomo Trust and Banking of Japan purchased a 40% stake in New Smith in 2011.