Sarasin & Partners appoints a new leader for its private client division
Tom Vernon has been appointed as the new head of the Private Clients team at Sarasin & Partners, a leading investment management firm. In his new role, he will be managing assets worth £4.9 billion (approximately $6.65 billion) on behalf of over 850 clients.
Vernon, who has been with Sarasin & Partners since 2006, has played a key role in developing the firm's client relationships and shaping its long-term investment thinking. He is also a member of the Sarasin & Partners' Investment Strategy Group, which manages the firm's long-term thematic investment strategy.
Jamie Black, who has served as the head of the Private Clients team for over two decades, is stepping down from his position. However, he will continue to play a vital role in the business, both as a senior partner and in his ongoing leadership of the service for US clients. Black will also maintain his position as a director of Sarasin Asset Management, a subsidiary of Sarasin & Partners focused on managing investment portfolios for US-based clients. He will continue to manage his established client relationships at Sarasin & Partners.
Guy Matthews, managing partner at Sarasin & Partners, has praised Vernon's contribution to the firm. "Tom's appointment as the head of the Private Clients team reflects the depth of talent and expertise within the team," Matthews said.
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Sarasin Asset Management manages investment portfolios for clients worldwide, including the UK and international private clients and charities. Tom Vernon has been managing a broad spectrum of client portfolios in his previous roles at the firm.
Vernon's appointment comes as Sarasin & Partners continues to grow and expand its services. The firm remains committed to delivering high-quality investment solutions to its clients and maintaining its reputation as a trusted partner in the investment industry.
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