Mark joins Veritas from Newton Investment Management where he was Deputy CEO with responsibility for private clients and charities. Mark had previously worked closely over many years with Newton founder Stewart Newton and Charles Richardson and a former Chief Investment Officer at Newton.
The award-winning Veritas Private Client business – which manages over £500 million of client assets - celebrated its 15 year anniversary in 2008. Since launch, its segregated portfolio has consistently beaten all relevant industry benchmarks. Over the three year period to June 2009 its core Equity and Growth strategies were ranked top decile by Asset Risk Consultants.
Stewart Newton, Chairman of the Real Return Group and Director of Veritas Asset Management (UK) Ltd commented….
"Mark has agreed to join us at an exciting time for the firm and we very much look forward to working with him again. Charles Richardson and I have known Mark for over 20 years and he will be a fantastic addition to the team".
"Over time our private client business has gone from strength to strength providing clients with real returns over the medium to long term. Our investment philosophy has not changed since inception. Thematic, simple and transparent, we invest in the equity of businesses we know and understand; those which are financially strong, with a competitive edge, and, which are attractively valued for long-term returns."
Mark Rayward said….
"I am delighted to be joining Veritas and working with Stewart and the rest of the team in further developing the UK private client business. The team has delivered excellent performance since inception and has developed a solid platform from which to grow further."
Mark will start at Veritas in April 2010.
October 2009