UK - Investec Asset Management has won three new mandates worth £218m (€355m) and announced two new senior appointments to its London-based institutional marketing team.

Investec has been selected to run a £40m balanced portfolio for the Sir Jules Thorn Charitable Trust, which makes grants for medical research to UK hospitals and universities. Edward Jewsen, a specialist charity consultancy firm advised the trust during its manager search process.

It will also manage two mandates – a £60m global fixed income and a £118 global equity mandate – for SPIRE Worldwide, an Isle of Man –domiciled offshore insurance and pooled fund company. SPIRE did not use consultants for the search.

Investec’s head of South African institutional business Mark Samuelson has been promoted to global head of institutional business development while Gitu Panjabi has joined from Barclays Global Investors to become head of UK institutional marketing.

Samuelson has been with Investec for 10 years, having previously worked for accountancy firm, Grant Thornton Kessel Feinstein. In his new position he will report to Hendrik du Toit, the company’s chief executive and will be responsible for both UK and global institutional business development.

Panjabi will be responsible for UK institutional marketing and sales management. She spent six years at BGI where she was responsible for product development and marketing.

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